Investors dodged a major bullet with SVB and the regional bank fallout, thanks to timely intervention from federal regulators, CNBC's Jim Cramer said.
"Part of that's because the Fed expressed a commitment to keeping as many regional banks in business as they can. Now, we don't want to be like other countries where only a few major banks control the entire market," Cramer said.
That is what's driving the Fed's desire to support regional banks with favorable lending, and what propelled federal regulators to backstop deposits. "If you believe there'll be a stay of execution on the Fed's rate hikes because they're finally getting major disinflation in the form of these bank failures, you should be pretty sanguine about the stock market," Cramer said.at no cost to help you build long-term wealth and invest smarter.
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