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+--- Thread: Markets are up (even crypto)….does this mean banking crisis is averted? (/showthread.php?tid=275546)
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Markets are up (even crypto)….does this mean banking crisis is averted? - Carnos Jax - 03-14-2023
Guess this mornings CPI numbers were good, meaning the feds won’t have to raise interest rates. This should factor in positively to the banking situation.
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - Acer - 03-14-2023
Kiplinger reports:
The CPI numbers were mixed. What got the street excited was that thanks to the bank failures, the Fed might be afraid to raise rates more, because it might cause more failures.
https://www.kiplinger.com/cpi-report-inflation-fed-rate-hikes-prices
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - Carnos Jax - 03-14-2023
Ah…. Yeah, I hadn’t read anything about it, I just woke up to take a look at the market numbers this afternoon, thanks.
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - JPK - 03-14-2023
I do not understand the markets anymore.
JPK
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - DP - 03-14-2023
The banking stuff is not over. There are a few others that are shaky because of their investments that were of a similar type as SVP and Signature. Credit Suisse is looking at some losses too..
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - SteveG - 03-14-2023
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - Carnos Jax - 03-14-2023
Assuming the banking stuff is over, stocks appear poised to rise decently. For example, there's some information to suggest Tesla may have better delivery numbers for the quarter than analysts expected. And I wouldn't be surprised if Bitcoin benefits from the general macro and banking issues, to go to $30,000 this week or next.
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - Forrest - 03-14-2023
The banking crisis is not over. Two investigations have been opened on SVB.
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - Filliam H. Muffman - 03-15-2023
Schwab, having a banking arm, dropped 25% between last Wednesday and Monday. At close today, it was almost up to the previous 52 week low.
Re: Markets are up (even crypto)….does this mean banking crisis is averted? - rgG - 03-15-2023
Don’t even look at the futures today.
Apparently European banks are now the worry and the Dow is projected down over 600 the last time I looked.
Ugh. I don’t need another crisis in my life, not that anyone does.