Last Day Of Q1
Wall Street bonuses fell 26% last year. This was the biggest drop since 2008. Wall Street is estimated to be responsible for 16% of all economic activity in NYC.
Wild nights out for ibankers slowing down?
Credit Suisse Gets A Lifeline
Credit Suisse (NYSE: CS) is borrowing $54 billion from the Swiss National Bank to help shore up liquidity.
Big week for bank bailouts!
Big Retailers Report
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Customers are setting banks on fire in Lebanon because they can’t get their money out.
Inflation is at +170%.
This is what a currency collapse looks like:
Updated: Powell At Noon
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The AI chatbot race takes off with competition heating up between:
- ChatGPT (OpenAI & Microsoft)
- Bard AI (Google)
- Ernie (Baidu)
Who will win?
Q3 Earnings Begin, PPI Ahead Of Tomorrow’s CPI
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Short selling is at an abnormally high level. Almost as bad as 2007. Are we near peak pessimism?
Reasons for HOPE
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Credit Suisse, one of the world’s largest banks is in trouble. Stock trading at record low, credit default swaps at 2009 highs and CEO says bank is at a “critical moment”. Buckle up another bumpy week ahead!
Short-lived Rally
MARKET UPDATE
Global fixed income and equity markets rallied yesterday on UK intervention
Strong, broad rally
Short-lived?
BOE's move doesn't address fundamental challenges
Euro stocks pared gains
Bonds creeping higher
Bracing For Powell’s 5th Consecutive Raise
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Remember, the S&P has gained on every FED Day since tightening began:
3/16: +2.24%
5/4: +2.99%
6/15: +1.46%
7/27: +2.62%
Will the trend continue today?
Macro Week
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Remember, if you sold all your stocks recently this investing thing just isn’t for you. You gotta stay in the game!