
Another week, another bank is on the brink of collapse. This past week Pacific Western Bank (PACW) was in the news for being on the brink of collapse. This had less of an impact on the market than previous rumors of the same magnitude as the S&P 500 ($SPX) (SPY) finished the week down only 0.29%.
In other news, there is a lot of news circling Elon Musk as it's rumored he will be stepping down as the Twitter CEO. This could be beneficial for Tesla Stock (TSLA), a favorite among traders, as he will be able to focus on that and Spacex more effectively.