The stock market

The MTB rally is back on like DONKEY KONG!!

dow futures down 500....European banks now

Is this going to turn into a repeat of 2008?
Seems like the downturn in housing markets is a trigger of some sort........

Forget about anymore rate hikes...they may actually cut now down the road

[URL unfurl="true"]https://www.reuters.com/business/finance/credit-suisse-shares-drop-fresh-record-low-cds-widen-2023-03-15/[/URL]

Credit Suisse on Tuesday published its annual report for 2022, which said it had identified "material weaknesses" in controls over financial reporting and had not yet stemmed customer outflow.

It took awhile. Certain outlets want you to believe that banking rules were "gutted".

[URL unfurl="true"]https://apnews.com/article/federal-reserve-silicon-valley-bank-regulation-609bde9b9248fbc590ff98775e0c8d49[/URL]

Critics point to many red flags surrounding the bank, including its rapid growth since the pandemic, its unusually high level of uninsured deposits and its many investments in long-term government bonds and mortgage-backed securities, which [tumbled in value as interest rates rose]('https://apnews.com/article/banks-federal-reserve-silicon-valley-lending-rescue-a04875a164165b50e971ff4576bf4e27').

[SIZE=5]“It’s inexplicable how the Federal Reserve supervisors could not see this clear threat to the safety and soundness of banks and to financial stability,” said Dennis Kelleher, chief executive of Better Markets, an advocacy group.[/SIZE]

[[SIZE=5]Wall Street traders[/SIZE]]('https://www.bloomberg.com/news/articles/2023-03-10/the-balance-sheet-time-bomb-at-svb-was-sitting-in-plain-sight?sref=mQvUqJZj&leadSource=uverify%20wall')**[SIZE=5] and industry analysts “have been publicly screaming about these very issues for many, many months going back to last fall,” Kelleher added.

The Fed was the primary federal supervisor of the bank based in Santa Clara, California, that failed last week. The bank was also overseen by the California Department of Financial Protection and Innovation.[/SIZE]**

YAWN!!

Fact check: What's true in the blame game over SVB's collapse?

The market is shaking off the banking fiasco which actually has a silver lining in stopping the rate increases and providing more liquidity which we all know, the market loves more than a fat kid likes ice cream!!

Let's see if the market can hold this gain into tomorrow....but it is Saint Patricks day and that means GREEN BABY!!!!! My middle name is Patrick also!! no Saint...but still Patrick...the Sainthood I'm working on!!

It’s on like Donkey Kong! Higher she goes…. Until the next blow up ?

It’s on like Donkey Kong! Higher she goes…. Until the next blow up ?

Hi Don...lol!

.the Sainthood I'm working on!!

Good luck with that...

It’s on like Donkey Kong! Higher she goes…. Until the next blow up ?

[URL unfurl="true"]https://www.zerohedge.com/markets/fed-balance-sheet-explodes-300bn-bank-bailouts-lead-record-discount-window-surge[/URL]

Earlier [today we said ]('https://www.zerohedge.com/markets/jpm-finds-feds-new-btfp-facility-stealth-qe-injecting-2-trillion-liquidity')that with Wall Street freaking out over the latest bank crisis, everyone's attention would be focused on today's [weekly H.4.1 update from the Fed]('https://www.federalreserve.gov/releases/h41/20230316/'). And they weren't disappointed because what we found was striking.

In the week ended March 15, borrowings under the Fed's deeply stigmatizing last-ditch liquidity facility, the Discount Window, exploded to $152.85BN, a record $148BN weekly jump to an all-time high which surpassed even the borrowings during the financial crisis!

[]('')

Or... we are really FUBAR ...flip a coin on this one. 150B in weekly borrowings.....so bad it might just be good.

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-march-17-2023-123151709.html[/URL]

[URL unfurl="true"]https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-lower-as-banking-health-fears-swirl[/URL]

[URL unfurl="true"]https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-lower-as-banking-health-fears-swirl/card/fed-seen-following-ecb-s-lead-plowing-ahead-with-rate-hike-next-week-NLOMGP7kcjxlk2DNVzCT[/URL]

The European Central Bank [raised its benchmark interest rate by 50 basis points]('https://www.marketwatch.com/story/european-central-bank-delivers-half-point-hike-to-interest-rates-36cd346b?mod=william-watts') on Thursday. Will the U.S. Federal Reserve follow suit?

The answer is yes, albeit a smaller-sized move, economists said Thursday.

The ECB rate hike is a “model” that the Fed can use, said Vincent Reinhart, chief economist at Dreyfus and Mellon.

“The ECB move was an action driven by their macroeconomic responsibility. And it was couched in concern for how things might unfold, they said ‘carefully monitoring’ a lot. I think that’s what the Fed will do,” Reinhart added.

Got Gold?

Got Gold?

Looking for the end of that damn rainbow!

[HEADING=2]First Republic Bank Executives Sold $12 Million in Stock in Months Before Crash[/HEADING]
[HEADING=2]Insider sales at bank are exempt from normal disclosure rules (imagine that)[/HEADING]

WSJ News Exclusive | First Republic Bank Executives Sold $12 Million in Stock in Months Before Crash

Here’s a trend for you to watch. WOKE banks not being FDIC approved.

Here’s a trend for you to watch. WOKE banks not being FDIC approved.

Please cite an example of ***An Investment or Insurance Product* **that is FDIC or Federally insured? I can't think of one...

Wells Fargo savings and checking products including CDs & Money Markets will continue to be FDIC insured up to $250K total per SSN, although that raising that number is being discussed.