Many worry that other nasty surprises are lurking as the rapid series of interest rate hikes the Fed has delivered over the past year dry up cheap money and widen fissures in the economy.
For now, few investors see this year's events as a repeat of the systemic crisis that swept through markets in 2008, taking down Lehman Brothers and prompting government bailouts of large financial institutions. But investors are guarded, wary that another bank run could erupt if people believe U.S. or European regulators won't protect depositors.
The Fed raised rates by 25 basis points on Wednesday but indicated it was on the verge of pausing further increases. Investors piled into the safe haven of U.S. Treasuries, sending yields on the two-year note, which closely reflects Fed policy expectations, to 3.76% this week, the lowest since mid-September.
Risk assets have been somewhat resilient despite the concerns in the banking sector, said Jason England, global bonds portfolio manager at Janus Henderson Investors. The S&P 500 is up 3.4% this year, though far off its early February highs, and it rose 1% this week, helped by a rally in tech shares.
Punitive & vulnerable to swindling by design , green climate policies is crashing everything to bring about digital currency as the rescue, but it's just as vulnerable & corrupt & more Punitive than the current system. Self-sufficiency, bartering & trusting ✝️God are reliable.
Crypto will hit bull soon invest in digital asset,fiat is unreliable
Is the owner of CBS Amroman or Amroscandinavian?
Invest? With this administration?!? You crazy…
Digital Banking... Digital Currency in our Digtal Bank accounts.. Digital Debt.... That 2011 Fukushima Radiation is really doimg a number on the West Coast 🫠🤦🏾
USD and cad are done. countries don't even want USD. its trash get out of the banks now!
08’ got nothing on 23’. Charts look terrible. How are we getting out of it this time with the difference being the BRICS nations gaining so much support around the globe?
But POTUS said banks were good