Soros CIO Fitzpatrick Expects More Bank Failures

The video discusses the current attractiveness of agency mortgage-backed securities due to market dynamics such as interest rate volatility and bank failures. It highlights the risks of consensus trades in equities versus fixed income and anticipates further bank failures and regulatory impacts on the market.

Why is being in a consensus trade considered risky in the context of equities?

What regulatory changes are anticipated to affect banks' balance sheets and portfolios?