Hindsight may be 20/20 (01/11/2023) > "SVB's focus on the innovation economy was a big winner in the past but may not remain so in the future, according to Dic

Hindsight may be 20/20 (01/11/2023) > "SVB's focus on the innovation economy was a big winner in the past but may not remain so in the future, according to Dick Bove, the prominent banking analyst at Odeon Capital Group. The U.S. economy, in Bove's view, is shifting from a consumer-oriented economy driven by plenty of low-cost capital to a manufacturing economy marked by limited access to capital that's relatively costly." https://www.bizjournals.com/sanfrancisco/news/2023/01/11/svb-financial-silicon-valley-bank-dick-bove-sivb.html https://www.bizjournals.com/sanfrancisco/news/2023/01/11/svb... > "And despite his downcast report, Bove maintained his hold rating on SVB's stock. Investors seem to be a bit more optimistic. After SVB's shares lost two-thirds of their value last year, they're up nearly 11% so far this year, closing Wednesday at $254.99 a piece." Reading the tea leaves is an imprecise art, I guess.