Mon March 27, 2023

Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses

The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the weekend, a Bloomberg article noted...

Fri March 24, 2023

Post-March FOMC, Powell cited "tight" (regarding policy/banks) 23 times vs 8 in Feb = Fed reaction function changing. 5 reasons Technology/FAANG and Bitcoin holding up, despite credit/rates turmoil.

Two weeks ago, the collapse of Silicon Valley Bank (SVB Financial) triggered the current financial crisis and these aftershocks continue. The severity of the shock is far more evident in...

Mon March 20, 2023

Aftershocks Part 2: UBS/CS merger staves off failure, but confidence shaken for bank stakeholders = markets now "reaction dependent" and Fed might do so. 4 signs to see first signs the crisis ebbing. Stay OW Tech + Bitcoin.

Over the weekend, $UBS announced plans to acquire Credit Suisse, in the latest action to contain the widening financial crisis. A total of 4 notable events took place since Friday,...

Wed March 15, 2023

Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a...

Wed March 15, 2023

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.

On Monday evening, the new CEO of Silicon Valley Bank (SVB) sent an email to clients informing them SVB "is open and conducting business as usual." I mean anyone would...

Wed November 2, 2022

Violent whipsaw during Powell’s speech keeps rates trending up

1 year ago Free Webinar Introducing Mark Newton’s Upticks Stock List Speaker: [Mark] Mark L. Newton, CMT AC Head of Technical Strategy Watch the Replay of the Webinar Watch the...