FEAR of CONTAGION: Banking & Crypto possible intervention

I don't see how BRK goes more than another day, or 2 max, without a huge decision being made...ready to go with it...

SPX surged 50 points in the last hour before the close, recovered almost the entire loss from the early afternoon dip upon the report on the collision of Russian fighter jet and US drone.

What a strong bullish signal from Mr. Market!

As I said earlier in the afternoon today the rally should continue tomorrow .........................

 

BTW, tomorrow's PPI likely down.

Edited by redfoliage2, 14 March 2023 - 03:44 PM.

Decision (explosion) time?

 

4 consecutive red hourly candles since 3am.
Markets still on edge, high probability of a a new March 2023 low, ES 3750 or lower.

FED MUST PAUSE OR ELSE MARKETS & ECONOMY WILL BE HIT HARD.

Possible US/RUSSIAN interaction in European theater of war also affecting market.

Markets will plunge or melt up after PPI.
VERY SKITTISH MARKET.

SPX surged 50 points in the last hour before the close, recovered almost the entire loss from the early afternoon dip upon the report on the collision of Russian fighter jet and US drone.
What a strong bullish signal from Mr. Market!
As I said earlier in the afternoon today the rally should continue tomorrow .........................
 
BTW, tomorrow's PPI likely down.

CONTAGION spreading. CS is another living dead... another one bites the dust. STING ...one of the greatest..

"European bank credit spreads take another leg wider as Credit Suisse plummets over 20%.
Snr Fin +12bp wider, Sub Fin +24bp.
SX7E falls 7%, largest fall in a year.

2) Is this just the beginning of the bank credit spread widening? European credit markets seemed especially jolted today. Is this something to fade? SubFin +36bps wider today

3) How badly will lending conditions tighten in the real economy as regional banks struggle? January 2023's Senior Loan Officer Opinion Survey (SLOOS) already showed increasing number tightening standards

federalreserve.gov/data/sloos/slo

As Credit Suisse hits a record low, Peter Tchir of Academy Securities says this needs to get resolved, because "if one gets into trouble, people very quickly start looking oh, what's the next one that looks remotely like this?" bloom.bg/3YO6mE0

CONTAGION spreading. CS is another living dead... another one bites the dust. STING ...one of the greatest..

"European bank credit spreads take another leg wider as Credit Suisse plummets over 20%.
Snr Fin +12bp wider, Sub Fin +24bp.
SX7E falls 7%, largest fall in a year.

2) Is this just the beginning of the bank credit spread widening? European credit markets seemed especially jolted today. Is this something to fade? SubFin +36bps wider today

3) How badly will lending conditions tighten in the real economy as regional banks struggle? January 2023's Senior Loan Officer Opinion Survey (SLOOS) already showed increasing number tightening standards

federalreserve.gov/data/sloos/slo

ES DROPS 100 POINTs since 3am.

I am still net long with 2 each ES & NQ HEDGE SHORTS. Will gradually reopen LONGS after 9:30am unless ES drops another 100 points during next 2 hours. Will add TECHS, ETFS

Very early breakfast, big one, hectic day already, will get worse, need lower prices to buy these but tempted to buy CALLS ON CITI, BOFA, XLF later. Also reopen KRE CALLS


Premarket US
Citi -4%
BofA -2.9%
JPM -2.1%
Wells Fargo -3.6%

ES DROPS 100 POINTs since 3am.

I am still net long with 2 each ES & NQ HEDGE SHORTS. Will gradually reopen LONGS after 9:30am unless ES drops another 100 points during next 2 hours. Will add TECHS, ETFS

ES trying to stay in the range