I guess the cat got out of the bag and became the elephant in the room. As far as how that happened, Silicon Valley Bank had a balance sheet so ugly that the Motion Pictures Association would have to create a might need to create a new rating class for it. Like seriously, how can you have a portfolio duration that is so exposed to the interest rate hikes of the last two years. Now the question is how much contagion is there? Let's hope this doom loop doesn't get out of hand.

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