First Republic Bank has failed and has been acquired by JP Morgan. The US stock market continues to move higher, which many think presents an issue.
Banks are failing left and right; why is the US stock market soaring?
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Naeem Aslam
Naeem Aslam is a former hedge fund trader with over 15 years of trading expereince. He has worked for Bank of New York Mellon and Bank of America. He also writes investment columns for Nasdaq and delivers guest lectures at various universities such as the London School of Economics (LSE).
He regularly appears on tier-one media channels such as CNBC, Bloomberg, Fox Business and others.