Trade Strategy 3.24.23

Markets (Top Stories) Spillover risk “Looking ahead, the longer that financial conditions remain tight, the greater the risk that stresses spread beyond the banking sector, unleashing greater financial and economic damage than we anticipated,” Moody’s wrote in its latest credit conditions report, … Continue reading

Trade Strategy 3.23.23

Markets (Top Stories) A delicate balance Policymakers at the Fed are treading a tightrope as they seek to balance their role as providers of stable prices and financial stability. The FOMC voted unanimously yesterday to raise the target for the … Continue reading

Trade Strategy 3.22.23

Markets (Top Stories) Fedilemma Leading up to the Federal Reserve’s March 21-22 monetary policy meeting, traders had been expecting the FOMC to ratchet up its key interest rate by 50 basis points because the economy appeared to be surprisingly robust. … Continue reading

Trade Strategy 3.21.23

Markets (Top Stories) Source: Economic Calendar S&P 500 Prior Session was Cycle Day 2 (CD2): Price held bid above our stated Line-In-Sand (3950) outlined in prior DTS 3/20/23 briefing, demonstrating a “positive skew”, closing near highs of the day. Prior … Continue reading

Trade Strategy 3.20.23

Markets (Top Stories) Crisis takeover Another wild weekend has seen regulators attempt to stave off a banking crisis that’s quickly spreading across global markets. In an emergency deal brokered by Swiss authorities, UBS (NYSE:UBS) agreed to scoop up longtime rival Credit Suisse … Continue reading

Trade Strategy 3.17.23

Markets (Top Stories) “May the sun shine warm upon your face; the rains fall soft upon your fields and until we meet again, may God hold you in the palm of His hand.” Economic Calendar 10:00 Consumer Sentiment 10:00 Leading Indicators 1:00 PM Baker-Hughes Rig … Continue reading

Trade Strategy 3.16.23

Markets (Top Stories) Credit Suisse’s $54B lifeline Credit Suisse (CS) will borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank liquidity facility. The troubled Swiss bank also announced public tender offers by Credit Suisse International to repurchase … Continue reading

Trade Strategy 3.15.23

Markets (Top Stories) Record low Credit Suisse (CS) shares plunged 18% premarket to a record low today after the bank’s top shareholder ruled out offering further financial assistance to the lender. Saudi National Bank Chairman Ammar Al Khudairy cited regulatory concerns as … Continue reading

Trade Strategy 3.14.23

Markets (Top Stories) Inflation in focus Investors await the latest inflation data, which will be released later in the day, for clues on the Federal Reserve’s future monetary policy and progress so far on the disinflation process. February consumer prices are … Continue reading

Trade Strategy 3.13.23

Markets (Top Stories) Containing SVB mess U.S. regulators have rushed to minimize the impact of the collapse of Silicon Valley Bank, owned by SVB Financial (SIVB), on the wider financial sector, thereby easing market jitters. Depositors of the shuttered bank … Continue reading