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Recovery in bank stocks improved market sentiment on Monday.
Calm, and rally in bank stocks yesterday stabilized the market mood. Gold tipped a toe below $1950 per ounce, while the US 2-year yield flirted with the 4% mark – on bet that if the bank crisis is over, we could go back to our lives and worrying about inflation, again.
The S&P500 closed 0.17% up, while the rate-sensitive Nasdaq fell 0.74%.
Of course, if the banking stress further eases, we should see sovereign yields recover a part of the recent retreat.
Yet, the pricing of recession is now in play,...

Sentiment is mixed, as the Deutsche Bank selloff revived the banking stress on Friday – DBK is doing better this morning – phew!
The German 2-year yield fell and the US 2-year yield tanked to 3.55%, the lowest since last September.
Activity on Fed funds futures gives more than 85% chance for a no rate hike in May.
Besides the Federal Reserve (Fed), the Bank of Canada (BoC) and the Reserve Bank of Australia (RBA) are also seen as central banks that could rapidly go back to cutting the interest rates.
And the European Central Bank (ECB) could well be...

The new market game is being played between two camps: ‘the financial stress and how the authorities are dealing or promising to deal with potential renewed turmoil’ camp, and ‘the recession worries’ camp.
While the recession worries are not entirely bad for the stock valuations – at least in the immediate term, as they pull the yields lower, the financial stress is much less welcome, and there is a much stronger consensus among investors that… financial stress is bad.
The US 2-year yield is now headed to the levels, around 3.80%, that were tested when the SVB collapsed.
On the...

Yesterday’s Federal Reserve (Fed) decision was relatively hawkish.
The Fed raised the rates by 25bp, as broadly priced in, but Fed Chair Jerome Powell signaled that there would be another 25bp hike on the wire before this tightening cycle ends. QT and dot plot were unchanged.
Stocks fell, while Treasuries rallied as a sign that not everybody interpreted the Fed decision equally dovish, or hawkish.
US futures are in the positive at the time of recording. It is well possible that the post-FOMC equity selloff quickly reverses, at the falling yields is supportive of equity valuations – if financial stress...

Banks are getting crushed left and right, is Bitcoin the answer? And will we finally see a decoupling from the traditional markets in this instance?

00:00 Intro
00:20 Preview
00:35 CS-UBS-Merger
02:44 Bitcoin
09:07 Ethereum
10:50 Immutable & Polygon
12:22 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

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Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr
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Discover our brand and philosophy: https://swq.ch/wq
Learn more about our employees: https://swq.ch/d5
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Let's stay connected:
LinkedIn: https://swq.ch/cH

It looks like the Federal Reserve (Fed) will announce its latest monetary policy decision to a public with relatively calmer nerves compared to a few days ago.
The VIX index eased sharply from last week’s levels on bank relief, gold tanked to $1935 per ounce and indices on both sides of the Atlantic Ocean were comfortably higher on Tuesday.
The pressure on US treasuries eased, as well, and the US 2-year yield is now around the levels it was before Fed President Jerome Powell’s speech to the Senate which spurred the expectation of a 50bp hike for week’s meeting,
But,...

Bank stocks had a volatile session on Monday. UBS lost up to 16% after the Credit Suisse deal, but closed the session more than 1% higher.
In the US, JP Morgan, Goldman Sachs and Morgan Stanley closed the day with 1 to 2% of gains. The regional US banks also had a calm session, except for the First Republic Bank - which plunged 47% after a second credit downgrade in just a week from S&P.
In bonds, the announcement of full write-down of Credit Suisse’s AT1 bonds got bond investors confused, as equities should be written down before any other...

UBS bought Credit Suisse (CS) in a government-brokered deal for 0.76 cents of franc per share, or CHF3bn in total.
US dollar weakened and US futures opened in the positive but reversed losses while the Japanese Nikkei fell 1.42%, Hang Seng dropped more than 3%. HSBC lost 7%.
The next few hours of trading will give us a better picture on whether the crisis is contained. In theory, there is no reason for the Credit Suisse crisis to extend, as what triggered the last quake for Credit Suisse was a confidence crisis – which doesn’t concern UBS - a bank...

The European Central Bank (ECB) announced a 50bp hike at yesterday’s policy decision pointing at inflation expected to remain ‘too high for too long’.
The ECB decision came as a hint that the Fed could also play down stress in banking sector, highlight that the liquidity issues could be addressed with available tools and keep focus on economic data.
At the wake of the ECB decision, activity on Fed funds futures gives more than 80% chance for a 25bp hike. This probability was around 65% before the ECB’s decision.
Here is a couple of lines about what the ECB decision...

What a crazy weekend! How did the potential bank run influence crypto or did crypto have anything to do with the bank run? 🤔 Let's discuss it in this episode!

00:00 Intro
00:20 Preview
00:30 Bank-Run in the US
08:26 Cryptonews
10:30 Bitcoin
11:39 Ethereum
12:17 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

_____
Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr
_____
Discover our brand and philosophy: https://swq.ch/wq
Learn more about our employees: https://swq.ch/d5
_____
Let's stay connected:
LinkedIn: https://swq.ch/cH