The bank run stopped inside the United States last week but a global banking crisis continued into this weekend.  As of now, UBS agreed to take over the troubled rival Credit Suisse with the Swiss National Bank pledging a loan up to 100 billion Swiss francs to support the takeover.  If Credit Suisse was let […]

The Fed chairman Powell gave ultra hawkish statements during last week’s congressional testimony sessions two days in a row.  The market was speculating that the Fed funds rate has to go up as high as 6%.  That didn’t sit well with the CEO at Silicon Valley Bank who was warned of pending bond rating downgrade […]

The 10-year treasury yield topped 4% last Thursday and the S&P 500 and NASDAQ made a bottom on the same day.  The DOW bottomed on Wednesday, one day earlier.  The pundits were yelling for the 10-year treasury to go to 6% based on the sticky inflation data.  But the market has looked ahead already by […]

Since the January CPI data was released on February 14 morning, the market participants have talked incessantly about inflation and inflation.  The January CPI data was good reflecting a trend of slowing down inflation, but not good enough.  The inflation was not low enough to allow the Fed to pause and the employment data continues […]

The January CPI data was hotter than expected, even though the previously released CPI data have established a trend line of decelerating inflation since June 2022.  Numerous hawkish Fed officials have come out to voice the need of further rate hikes to ensure inflation doesn’t come back bite us.  The market, however, took it on […]

The NASDAQ broke out a three-point down trend line in the last week of January 2023, subsequently it followed up with additional advance right after the February Fed meeting.  The Facebook parent company Meta reported earnings on February 1, 2023 after the market close.  The street loved how Meta CEO Zuckberg talked about efficiency (cutting […]