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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Things you need to know – –        Is it starting to crack?  –        Is the FED about to break the system? –        SIVB under pressure – taking the whole sector down with it. –        Strap in…Contagion anyone? –        Try the Chicken Fricassee Who is Silicon Valley Bank? And why did it collapse yesterday? Why did they – SIVB – announce …

Things you need to know – –        Day two – reveals nothing really new – Rates are going higher. –        FED Funds is now pricing in a 78% chance of a 50 bps move –        Stocks ended mixed – but not a disaster. –        Janice Eberly – Remember this name. –        Try the Spaghetti Fini with Leeks and Pancetta And …