Drama on Capitol Hill – **TikTok CEO Shou Zi Chew tries to assure US lawmakers that China does not have any access to any of the data that they collect on Americans…..He disagrees with the description that ‘they are spying on Americans’ he says that he ‘no evidence that the CCP is using the data and that he does not …
What did you see – Sun or Clouds? Algo’s throw a tantrum – Stocks fall – Try the Chicken Parmegiana
Things you need to know – – JJ hikes and leaves the door open to a pause IF the data dictates. – Janet on the other hand – stuns markets and says she is NOT working on backstopping depositors – Regionals get clocked again…. – Oil pierces $70, Gold rallies back to $2000, bond prices rise sending yields lower …
Janet say’s “It’s all Good!” & Stocks Rally – Try the Pasta & Cecce
Things you need to know – – Janet Yellen tells everyone to ‘calm down – everything is good.’ – And it was Risk On again…. – Regional Banks surge…..after the beating….. – Growth outpacing Value – suggesting investors are getting comfortable. – Oil rallies after Russia cuts production and the Saudi’s threaten to cut – Gold backs off after the …
EU & UK Regulators Try to Set the Record Straight, Mkts on FED Watch – Try the Pot Roast
Things you need to know – – EU and UK regulators make clear that Shareholders are the first to lose in the event of failure – but the Swiss are not EU or UK members…. – AT1’s settles down in the UK and EU but remain under pressure in Switzerland. – The FED – what’s next? 0 bps, 25 bps …
ShotGun Wedding In Switzerland, Banking Sector Under Pressure – Try the Shrimp Francese
Things you need to know – The Swiss Gov’t pulls off an emergency ‘shotgun wedding’ convincing UBS to take Credit Suisse for some $3.8 billion – Deal came Sunday evening after an anxious weekend – The SNB is providing $100 billion to ‘help facilitate the deal’ while providing another $9 billion to backstop losses that UBS may incur, Credit Suisse …
Risk On? Banking Strong? Tiger Global Marks Down Portfolio – Try the Corned Beef & Cabbage
Things you need to know – The ECB raises rates by 50 bps. The Swiss National Bank swoops in and rescues Credit Suisse with a $54 billion injection to allow them to regroup. Janet visits the Hill and tells lawmakers that the US banking system ‘has never been stronger and that depositors savings remain safe’. 11 of the biggest banks …
Credit Suisse Gets SAVED! Are you REALLY surprised? – Try the Cauliflower Risotto w/Truffle Butter
Things you need to know – – Swiss National Bank to the rescue…Credit Suisse is SAVED! – European markets are higher… – US Futures remain under pressure – First Republic bonds are now JUNK – company considers options. – Try the Cauliflower Risotto w/Truffle Butter BREAKING NEWS- The Swiss National Bank steps up and saves Credit Suisse (offering a $54 …
Banks Getting WHACKED Again! Markets Fall – Try the Pork Chop Benevento Style
Things you need to know – – Stocks Rallied yesterday and are getting whacked today. – Credit Suisse igniting the latest drama in banking…. – Italian banks are now in the spotlight…Just because…. – PPI due out at 8:30 – will it support the ongoing inflation story like the CPI did? – Strap in…. Prepare for more volatility…. – Try …
Regionals Get Crushed Yesterday, Bargain Hunters Scooping them up Today – Try the Sweet Corn Creme Brule
Things you need to know – – So, they crushed the regionals yesterday – but was that an overreaction? – SVB is back on the block – Many of the VC’s that started the hysteria now talking about taking it back – Bond yields plunge as investors seek safety. – Gold surges, the dollar index declines, Oil testing 2023 lows …
This is NOT a Bailout – We Allowed the Bank to FAIL. – Try the Paella de Mariscos
Things you need to know – – The FEDs allow SIVB to FAIL while rescuing depositors – This was not a bailout. – Signature Bank (NY) is also shuttered on crypto exposure concern – Depositors made whole. – VC’s turn up the heat on FRC – follow the money – how are they positioned? – CPI and PPI due out …
