Rise and shine Traderade family
The big news this morning is Silvergate’s collapse from yesterday. Shares are down further in the pre-market by -50% to $2.4. Signature Bank (SBNY) also fell -11%.
In other news, Tesla continues it’s decline, down another almost -3% in pre-market trading to $176.73 after it caught a downgrade to Hold from Berenberg and news of U.S. regulators significant steering wheel issues with the Model Y.
No major economic releases today. Tomorrow is Jobs Friday. BoJ's meeting is at 10pm ET.
Two earnings - ULTA and DOCU after the close.