cool day on the strip

with all the crisis news, S&P ends flat this week ..!

Feds raised rates by .25% but not done yet

Market drops 2%

rise in fear brings rise in gold

2k, but butcoin is not catching up with it.

more cash and less equity....

makes humans and corporations do stupid things. 

ECB hike by 50 basis points as planned, plus injection of deposits in First Republic brings confidence in the market

from US to Europe ... SVB & Credit Suisse

when tide goes down, you will know who's swimming naked ... Buffett 

when a "normal" bank pretends to be an investment bank, while its CX are ignorant ... it's as simple as that ..!

Silicon Valley Bank historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities.  .... source CNBC.

another points is that its own Customers are responsible for this situation, as one has a deposit of $750,000 with SVB, which is triple the amount insured by the Federal Deposit Insurance Corporation; Roughly 95% of SVB’s deposits are uninsured, which makes the bank particularly unique in that it serves primarily businesses ... so I say God bless them.

& now this I call as funny to the power 2, as

Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure 

... God bless you to the power 2

winter in vegas

is SVB a blip on the radar or a signal for a major earthquake?

That the good days of free money are over.

NFP 311K

So.much residual cash in the economy that fed are unable to put a dent but there will be a reversal at some point.

stronger than expected ADP ... good news becomes bad news

higher for longer

says JP, to Senate Banking committee. 

"we are gamblers now, from sports betting to crypto ..."

data provided by Bloomberg. 

S&P drops 6.6% in futures market from Feb high