First Republic Bank : prior to the current crisis, I have never heard of it … much smaller than SVB.
They are bailing out failing banks AGAIN …just like in 2008 . No one needs to take responsibilities for being reckless and wrong … FED just print more money to distribute …kinda sick world, isn’t it?
Morning … I m at college, Friday the 17th Mac. Against all odds, DOW up almost 400 points with the chat on FED pausing the rate hike and even talking about the pivot, cutting of rate again. These noises been around for 6 months or so now …. As FED has increased rate from 0.5% to current 4.75% in less than a year.
Some hint will break … First Republic Bank? This is too small to affect money markets and fin fear much in markets … so, the main one still the HIGH INFLATION of 6% (down from 6.4%) …will FED continue to hike another 25bps or will they take a pause like most expecting now … we shall check that next week.
I have some shorts in SP500 and HSI but today we expect the markets to rally with the good news of money injected into the system to stabilise the panic-withdrawals(bank run).
Is economy of US or Euro doing well? Nope.
All about FED FED FED … and I m kinda FED-up with that, so to speak.
Time to check on trades … as I just sold off Topglove with a good profits, time to sell more gloves stocks as they surged yesterday. Topglove up almost 20% ..I sold 80 and 84cents.
TEH
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