JulianHope

[JulianHope @JulianHope09]

@cobraalerts Guide

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@TradingWarz Me

[JulianHope @JulianHope09]

@StockOptions888 $SPX

[JulianHope @JulianHope09]

@techxutkarsh Prompt

[JulianHope @JulianHope09]

@MarketMovesMatt Leap

[JulianHope @JulianHope09]

@vulturetrades Guide

[JulianHope @JulianHope09]

@TradingWarz Me

[JulianHope @JulianHope09]

@vulturetrades $SPY

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@TradingWarz Me

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@calcsam Book

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@mrjoyenxr0 Ai

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@shedntcare_ Win

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@shedntcare_ Hustle

[JulianHope @JulianHope09]

@shedntcare_ @CelebMakerAI Pinterest

[DogeDesigner @cb_doge]

The first human Neuralink patient, who is paralysed, is able to control a computer and play chess just by thinking.

[JulianHope @JulianHope09]

https://t.co/yc7FuWzJPx

[James Lavish @jameslavish]

Meanwhile: The probability that the US trips the debt ceiling and defaults on US Treasuries this year...

[Jamie Quint @jamiequint]

An explainer on what is going on with Silicon Valley Bank:

- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.

[Charlie Bilello @charliebilello]

You can now earn a 5% yield in 3-Month Treasury Bills. First time since 2007. A year ago the yield was 0.38%.

[Liz Ann Sonders @LizAnnSonders]

Feels like a long bear market but doesn’t yet come close to others in history … S&P 500 has gone just over 230 days without returning to its prior high; streak is not even past one we saw in 2016