AT1 was senior debt compared to equity. The complete write-down of AT1 leads to full loss of bond holders, meaning they pay even more than equity shareholders, which is unbelievable decision. This will definitely deteriorate the bond market and finally reduce the market trust.
Was talking about how to plug chatgpt into excel just yesterday with friends in order to create tables or VBA for complex calculations or analysis. Really awesome. Can’t wait to use the copilot. The anti-human meaningless workload will gradually be replaced by AI. Go simplicity!
How much of your day is spent drafting emails, preparing presentations, or staring at a blank page? AI can help lighten the load.
Introducing @Microsoft365 Copilot—the next era of work: https://t.co/1DjXfsJvyj
Back Below the Trendline: (1) the melt-up is indeed "trappy" and SPX dropped below several major support levels. (2) bulls have to regain 4020 to keep its option open, otherwise, this may turn into something major and larger. (3) it is Powell's showtime.