Still Avoiding Banks, When Market Opens On 27 Mar 2023 (Mon).
@JC888：
US Market - 20 Mar to 24 Mar 2023 I am still in a bit of a dazed coming off last week’s 3 worst events, in my opinion. A 166 years old grand old dame ( $Credit Suisse Group AG(CS)$) coerced into an arranged marriage with an unwilling suitor ( $UBS Group AG(UBS)$) all for a mere $3.2 Billion. US regional banks facing potential meltdown; despite the bigger banks extending an olive branch to the tune of $30 Billion. Financial contagion further affected another Euro bank ( $Deutsche Bank AG(DB)$) as a result of the cost of insuring Deutsche's debt against default leapt to multiyear highs. On top of the bank turmoil, US central bank has the guts to revise terminal rate
