The current yield on SWVXX is 4.48% while the current yield on SNSXX is 4.33%. Is it advisable to trade off the 15 basis points and be in SNSXX?

Thanks @LewisBraham - Didn’t intend to sound critical of anyone. I read Grantham quite a bit 12-18 months ago and learned a great deal from him. Helped prepare me for the onslaught later on in mid ‘22. It’s just that watching all the different global & domestic assets move around today highlights the value of a broad perspective.
To your later remark - I actually considered attaching a proviso to the S&P remark along the lines of what you mention. Will we be a democracy in 35 years? Will workers still have the means to invest in the S&P or anything else? Will the atmosphere be fit to breath?

WSJ: Bank of America's unrealized losses could be a potential vulnerability.AMIR HAMJA/BLOOMBERG NEWS
Bank of America's stock skidded in premarket trading, with its losses outpacing big U.S. peers, amid concerns about whether unrealized losses on the bank's securities could be a potential vulnerability.
Bank of America Stock Falls Further Than Peers Premarket
Now that is definitely a large bank.

I think in Grantham's case, given the models he uses, it's safe to assume he is referring to U.S. large caps, i.e., something akin to the S&P 500 or Russell 1000.

And pity those with such a narrow view of investing. Unless you’re 25 and DCA’ng into a 401K every couple weeks. Over the next 35 years an S&P index fund should do just fine.

3-mo T-Bill Auction today 4.75%/4.88%, not bad.
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230313_2.pdf

Why would someone think that funds in a Schwab money market fund would be at risk? Those funds are not invested in anything having to do with Schwab. If the underlying assets were at risk that risk would quite possibly stretch over many other prime money market funds offered by other broker/dealers. What's more, if a Schwab MMF were to be on the verge of "breaking the buck" what might Schwab do? In view of the fact that that could be the death knell for the brokerage business I know what I'd do: I'd take advantage of all my credit and borrow enough to fill any gap in that $1.00/share price. That goes for any major brokerage firm, not just Schwab.

@Crash: Yeah, really!
Relatedly --- hey look, it's 1230PM ... again!

I think in Grantham's case, given the models he uses, it's safe to assume he is referring to U.S. large caps, i.e., something akin to the S&P 500 or Russell 1000.

+1 Great funny quote.

Twitter is good for a few things!
My favorites
"Just as there are no atheists in Fox Holes, there are also no Libertarians during a financial crisis..."
~Barry @Ritholtz,
https://twitter.com/sruhle/status/1634703830032998400?s=12

Anybody buying the dip ?

No. But I’m considering selling the pip. Depends what you own and what time of day it is. :)
I watch a lot and can’t recall such unstable markets in a short time. Probably occurred a few times in ‘07-‘08. Leadership transitioning - but for how long? Non-dollar assets, stocks & especially metals, flying. At last look GNMA was +1% for the day. Good grief. And GDX +7.28% on the day at the moment.
I’m clueless …

@msf : +1 @MikeM is the rate for new or old T's ?

I don't have a problem necessarily with the government providing a socialist tax-payer funded bailout to too-big-to-fail private sector businesses just so long as the executives running those businesses never complain about things like big government, socialism for poor people, taxes, regulations and the "moral hazard" of helping people again. The problem is some of the same people like venture capitalist David Sacks of the so-called "Paypal Mafia" who've complained about big government and regulation before are now the ones demanding the government bail out SVB: https://twitter.com/charlesarthur/status/1634300582008696833 It's sort of like people living in coastal Florida mansions complaining about their taxes being too high and "handouts" to the poor and how climate change is a myth suddenly having their hands out for FEMA money when their houses get washed away in a storm. It's an attempt to have it both ways. And if we have a recession because of the Fed raising rates too high, a lot more people than the wealthiest depositors at SVB will need help, yet I imagine the "moral hazard" criticism of helping will persist.

@junkster enjoy the hike...I was just hiking myself in Western NC a few weeks ago...beautiful weather and hike.
You might move monies into SUTXX/SNSXX Schwab US Treasury MMF...100% Tbill, less than 1 year maturities, weighted ave maturity 38 days...
I can't see this one crumbling but for certain I am not an expert and with the social media hype/fear/human emotion who really knows how this plays out.
My take is this is going to lead into even higher inflation and this will blow over. I'll take my chances with Schwab over most any other bank/institution...but does trouble me that their stonk is getting clobbered AND they are still offering 5.4% 18 month CD this morning....(Full Disclosure: I tanked up and bought up to the FDIC limit today)
Sitting at my home office...keyboard tapper at the corp job...wishing I was out hiking...not really sure why I'm not...
Best Regards, Good Health and Good Luck to ALL,
Baseball Fan

Anybody buying? I just toe dipped into JPM but not brave enough for SCHW
Any opinion? CFO says they have plenty of liquidity
Charles Schwab Says It Has Access to 'Significant' Liquidity; Reports Decline in Total February Client Assets
9:59 AM ET, 03/13/2023 - MT Newswires
09:59 AM EDT, 03/13/2023 (MT Newswires) -- Charles Schwab (SCHW) on Monday assured investors that it has access to "significant" liquidity with "very little chance" it would need to sell its held-to-maturity securities prior to maturity.
Chief Financial Officer Peter Crawford said the company's business continues to perform "exceptionally well" and expects year-over-year growth of about 10% in Q1 revenue.
More than 80% of the company's total bank deposits fall within the Federal Deposit Insurance Corp. limits, Crawford said, adding that cash outflows in February were about $5 billion lower than in January and March.
Total client assets were $7.38 trillion as of the end of February, down 4% from a year earlier and represents a sequential decline of 1%, the company said.
Charles Schwab shares were down more than 15% in early trading.
Barrons
https://www.barrons.com/articles/charles-schwab-stock-price-bank-selloff-4bb1ae5f?mod=md_stockoverview_news&mod=article_inline
"Last year, Schwab generated more than $10 billion of net interest revenue, which represented about half its total annual revenue, according to the company’s fourth-quarter earnings report. That revenue is the difference between the interest Schwab earns on bonds and loans and the interest it pays out to its funding sources, which are primarily uninvested client cash balances. Schwab’s net interest revenue looks increasingly at risk as interest rates rise."

Preferred proxy PFF down 4.31% and the normally staid bank loan fund proxy BKLN down 1.55%.

.
Thanks for heads up. Have a great hike.

OK it is very early in the trading day but at as post this First Republic is down 74%, Zion Bank down 31%, and Schwab down 20% to name just a few. Preferred proxy PFF down 4.31% and the normally staid bank loan fund proxy BKLN down 1.55%. I am going hiking this morning so hope things improve by the time I get back. I am all in cash (SNAXX) but must admit a tad concerned about Schwab where I apparently have my monies being a TD Ameritrade account holder.
Edit: Should add junk bonds hanging in there. I would think these massive declines in anything bank related offer huge opportunities. But I will let others capitalize as catching falling knives is not my idea of enjoying life in old age.

Yes, my vast fortune :) It was a pretty conservative move. The 3 mo treasuries were paying a few 10ths more than the MM anyway. I did put a couple limits orders in to buy more IAU. I've been adding to gold in dribs and drabs anyway in preparation for the deficit fight, so not really a knee jerk reaction.

+1 @MikeM
First day in a while I’m not tempted to do anything. Can you believe the 10-year is under 3.5% after having topped 4% only a week ago? If I heard correctly a few minutes ago, trading in Schwab temporarily halted due to volatility. Definitely Mike’s fault for moving his fortune out of their money market fund.

Well, Monday morning the word “Stategery” comes to mind. WTF should an investor do? At bedtime the Dow futures were + 450. Just before the open today they are - 250. Yields on 2 year notes have plummeted overnight. So have yields on the 10-year, but to a lesser extent. Precious metals have gone wild. Silver leading the way up 3-4% this morning. The dollar’s getting slammed. Looks to me like many foreign denominated holdings will soar.
Anybody have a strategy for playing this mess?