Robert Burgess

The latest plunge in IBM’s shares came after it reported preliminary Q2 sales that fell short of forecasts, blaming customers shifting spending to chips and servers amid AI-fuelled shortages.
THE BOTTOM LINE

When IBM acts like a penny stock, something is wrong

If the saga at Silicon Valley Bank hastens the arrival of the next recession, expect to see many more properties go into default sooner rather than later.

Banking’s next threat might be commercial real estate