Things you need to know. – The PCE is due out at 8:30 – 3 Fed Members hint at a rate hike in May – Tech big wigs calling for more regulation around AI. – Joey calls for more regulation for mid-sized banks. – Oil – up again, Gold and Bonds holding their own – Try the Bucatini in a …
Consumers are Confident….Try the Veal Rollatini
Things you need to know. – Consumer Confidence surges – Banking Crisis? Don’t be ridiculous! – Markets churn as we await more inflation data. – Regulators defend themselves on Capitol Hill – The IRS pays a home visit to journalist Matt Taibbi – Try the Veal Rollatini Consumers are confident! The Conference Board’s consumer confidence survey surges to 104.2 up …
Energy and Banks Surge…Tech gets Punched in the Face – Try the Grilled Pork Chops
Things you need to know. – Energy and Banks steal the show as investors take both groups higher. – Bonds churn as investors place bets on what’s next. – Oil surges on the China demand story (exhausting) – Eco data today – a nonevent – It’s all about Friday’s PCE report. – Try the Pork Chops in Dijon Marinade See …
First Citizens Bank Scoops UP SVB for a BIG discount – FRC quoted UP 25% – Try the Spaghetti Al’ Tonno
Things you need to know. – DB is not the disaster that they made it out to be – First Citizens buys $72 bil of assets from the failed SVB for $56 bil. That’s a 22% discount….Expect the regionals to rally. – FRC quoted up 25% in the pre-mkt. – Minneapolis FED Pres – Neely K – tells us …
The Banking Narrative Remains Confusing & Now DB is Under Fire! Try the Pan Seared Sea Bass
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 …
