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Delayed Reaction

Please click here for a chart of Western Alliance Bancorp stock (WAL).

Note the following:

  • The Afternoon Capsule is about the big picture, not an individual stock.  The chart of WAL is being used to illustrate the point.
  • The chart shows a big drop in WAL stock.  WAL is a regional bank primarily in the western U.S.
  • The chart of WAL is representative of other regional banks.  PacWest Bancorp (PACW), a competitor of Western Alliance, is falling even more.
  • As a full disclosure, ZYX Short has a position in WAL.