Jing Zhang

Inner Trader

[Lisa Abramowicz @lisaabramowicz1]

Where's all the money going that's being withdrawn from bank deposit accounts? Here's some of it: The two-week increase in outstanding U.S. money market funds has been the biggest since April 2020, with the total surging to a record $5.13 trillion: ICI data

[Nick Timiraos @NickTimiraos]

The Fed raised rates 25 bps

The decision was unanimous

The terminal rate projection is unchanged at 5.1%

FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.”

[Mohamed A. El-Erian @elerianm]

From the @markets article on supervisory lapses by the #FederalReserve at #SVB.

Look for this to fuel calls for a tougher bank regulatory regime, amplifying other pressures for tighter lending standards. It will also have a multifaceted political dimension.

#economy #markets

[zerohedge @zerohedge]

US Leading Economic Indicators Tumble For 11th Straight Month, Signal Recession Imminent https://t.co/mbJCwGXI7H

[zerohedge @zerohedge]

If you need credit, take it out now

[Lisa Abramowicz @lisaabramowicz1]

Did quantitative tightening just end? The Fed’s balance sheet grew by about $300 billion in the past week as the U.S. sought to backstop deposits at regional banks.

[Lisa Abramowicz @lisaabramowicz1]

The US’s move to backstop deposits at Silicone Valley Bank raises a couple questions: 1) will it work to prevent panic among a broad swath of smaller and medium-sized banks and 2) does it allow the Fed to raise rates further without causing systemic risk? https://t.co/mb6T55odGd

[Jing Zhang @ForexJZ]

Let's wait and see.

[Federal Reserve @federalreserve]

@federalreserve @USTreasury @FDICgov issue statement on actions to protect the U.S. economy by strengthening public confidence in our banking system, ensuring depositors' savings remain safe: https://t.co/YISeTdFPrO

[Federal Reserve @federalreserve]

@federalreserve @USTreasury @FDICgov issue statement on actions to protect the U.S. economy by strengthening public confidence in our banking system, ensuring depositors' savings remain safe: https://t.co/YISeTdFPrO

[LEI @TheMarketMemo]

幣圈的繁榮，1）是建立在全球流動性泛濫基礎上的，2）是傳統投資領域（股市債市房地產）資本外溢的結果，3）在高速發展過程中的制度性漏洞被充裕的流動性掩蓋。

現在全盤逆轉：1）貨幣緊縮，流動性消失，2）資本流出幣圈，3）制度性漏洞暴露。

結論：我不看空 #bitcoin ，但是幣圈崩盤利好股市。

[Nick Timiraos @NickTimiraos]

An economist at the SF Fed examined how the slowdown in immigration between 2017-21 tightened labor markets:

Reduced immigration raised the ratio of job vacancies to unemployed workers by 5.5 percentage points
https://t.co/OoiPDmQUIJ

[Jing Zhang @ForexJZ]

反弹大概率也会要去触碰一下这两条均线。

[LEI @TheMarketMemo]

為了避免這個週線級別的均線交叉，多頭必須大力反彈。未交叉之前依然有可能創新高。然而，如果不幸完成了交叉，再強的反彈也只是反彈，見好就收。

詳見：https://t.co/BRsMx1Kica

[LEI @TheMarketMemo]

Buy the dip? $QQQ $SPY