Mindblown: a blog about philosophy.
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FBN’s Gasparino, citing sources, tweets, “Even as shares of FirstRepublic (FRC) rebound mood inside the bank remains grim as the hole in its balance sheet is estimated at as high as USD 12bln”
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US Monthly Home Price Index* (Jan) 393.2 (Prev. 392.1, Rev. 392.4)
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US Wholesale Inventories Adv * (Feb) 0.2% (Prev. -0.4%, Rev. -0.5%)
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US Retail Inventories Ex-Auto Adv * (Feb) 0.4% (Prev. 0.1%)
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Morning Market Report – 23 March 2023
Start your morning by tuning in to our live financial report for the latest insights into the trading markets.
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End of day report March 27th
A fairly muted day which was highlighted by a lack of further bank failures! Read or end of day summary on what happened in the markets today.
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US sells USD 42bln of 2yr notes at 3.954%; tails by 2.7bps, the largest tail since at least September 2017
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Goldman Sachs (GS) sees a 35% probability of a US recession within 12 months (prev. saw a 25% chance)
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End of day Report March 24th
Although market still seems very susceptible to any bank-related news,so as long as nobody "looks under the hood", we should be fine
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Fed’s Barkin (2024 voter) says Labour market is tight and inflation is too high, the case for hiking rates this week was pretty clear
Got any book recommendations?