Nervous calm doesn’t feel very stable here
Manage episode 358018725 series 3321526
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Link to slide deck: https://bit.ly/3lddufp -
Today we look at the market's attempt to piece together some calm after the sudden trauma and lightning official response/bailout of depositors after the SVB bankruptcy. We highlight the need for more time to assess the fallout, continuing to note the longer term risks to credit transmission if recent events have served as a wake-up call for depositors, who have yet to demand higher returns on their savings. A look at earnings and macro data on watch through next week's FOMC meeting as well. Today's pod features Garnry on equities, with John J. Hardy hosting and on FX.
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Intro and outro music by AShamaluevMusic
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