The "Fed Put" is back with assets on their balance sheet increasing $297 billion over the last week, the largest spike higher since March 2020. Thus nearly half of the Quantitative Tightening since last April was undone in a single week. https://t.co/3Nk4J4Sxku
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which institution is NOT involved in the First Republic rescue: Wells Fargo, JP Morgan, Morgan Stanley, Truist, US Bancorp, Ryan Reynolds
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The cover of this week’s edition of @TheEconomist. #economy #markets #banks #svb #CreditSuisse https://t.co/q5IM98YNJ1
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There's a first for everything. The yield on the 2-year treasury has moved 20 bps or more for six straight days. Longest streak since at least 1977. https://t.co/nMel7Ckma4
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The spike was not due to asset purchases (Treasuries and MBS holdings actually declined) but from a $303 billion increase in "Loans." Part of that was the new Bank Term Funding Program ($12 billion) and the rest credit extensions to banks (discount window/bridge loans). https://t.co/uIfhtKgwSS
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"This" approach to @FirstRepublic was missing in last weekend's US intervention on #SVB (and in marked contrast to the UK's; see link for background). What "this" is lies somewhere between a genuine "private sector solution" and a "bail-in" of major banks. https://t.co/tgrUoUOySj https://t.co/d8ySt0UX3r
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The 12-month T-Bill yield traded down to 3.827% late yesterday but is now up more than 60 bps to 4.42%. Unreal swings.
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Excited to be in Florida this weekend with Lisa and @FosforoMezcal. Hope to see you there! https://t.co/k6K4YvWkEz
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Sorry Bears, it's NEVER paid to bet agains the US for any long period of time, this is why most veteran short sellers have little to no hair, high cholesterol, failing health & a toxic/negative mindset. YOU choose what life trading will give you...but I hope you choose wisely!
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(9) On The Move A record number of US home searchers are looking to relocate in search of more affordable destinations... Video: https://t.co/hgNq3ACqZo https://t.co/hhFj3SXI9e
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U.S. stocks finished sharply higher on Thursday as a group of big banks deposited $30 billion with troubled lender First Republic Bank. The Dow Jones Industrial Average rose 371.98 points, or 1.2%, to 32,246.55: https://t.co/GhNPSpQbHo https://t.co/3xQshCbiNE
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$FDX Fedex +7% after hours on earnings EPS: $3.41 Adj. vs. $2.73 est Revs: $22.17B vs. $22.74B est. https://t.co/nctb4Xh6E2
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(10) Falling Money Supply The US Money Supply has fallen 1.7% over the last 12 months, the largest year-over-year decline on record (note: M2 data goes back to 1959). Video: https://t.co/3uOw14bPer https://t.co/MOQBfmqGWq
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Treasury Secretary Janet Yellen reaffirmed the $250,000 limit on deposit insurance – after the government moved to protect all the deposits at failed Silicon Valley Bank and Signature Bank. https://t.co/RHezjyvRx7
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