Retail investors shouldn't bet on regional banks, these bets blow up with frightening speed
Dennis Mitchell, CEO and CIO of Starlight Capital, joins BNN Bloomberg for his view on the stock market as investors assess the impact of rate hikes. Mitchell says the real estate market could see some pressures amid hikes as higher rates could lead to higher cap rates and lower real estate values. However, not all names are the same; Mitchell says some REITs can grow cash flows to offset the impact of higher interest and cap rates. Mitchell discusses banking and warns investors about U.S. regional names as access to information is poor.