Wed, March 15, 2023 | 7:50AM ET

SVB informs clients "back to business" yet carnage in FRC bonds, CITI+CS CDS (blowout) and KRE banks down 20% = Monetary Policy is finally "biting" = Fed can take foot off the gas. Ex-FAANG, S&P 500 P/E 14.3X ('24E), not demanding.

Name: FS Insight
Price range: $$$

Tom Lee, CFA ^AC

Head of Research

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