Tweets are personal ideas and opinions. Posts are not investment advice or recommendations to buy or sell. Join our Community for free alerts and mentorship.
Yesterday, #ES_F put in a rare green day right off its core bull market trendline. I was looking for a rally and my "final target" for the day was 4352. We hit 4355 high of day, basing since
Plan today: Keep trailing longs. 4351, 4335=supports. Keeps 4366, 4372, 4382 live next.
Financial institutions utilizing crisis lending programs have escalated the Fed balance sheet by $297B -- @steveliesman joins our traders @GuyAdami, @karenfinerman and @CarterBWorth to break down the latest in the banking rout.
It's not just the Discount Window and BTFP: the Fed also injected $142.8 billion in reserves via "Other Credit Extensions" which include losses extended to depository institutions established by FDIC.
From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide @FDICgov deposit guarantee, more bank runs begin Monday am.