Stocks stumble as banking turmoil sends investors to safety

plunged as much as 30% to a record low overnight. The Swiss franc suffered its biggest drop on the U.S. dollar in seven years.

Commodities also nursed big falls. Brent crude futures were struggling to lift from 15-month lows and hovered around $74.16 a barrel. Copper slid 2.5% in Shanghai after a 4% drop in London overnight. "The concrete response from Swiss authorities may help to shore up sentiments in the interim," said OCBC Bank currency strategist Christopher Wong. "But it remains to be seen if they are sufficient to shore up confidence."Credit Suisse's troubles have been long and well publicised, with exposure to a string of scandals from the implosion of heavily-levered U.S. investment firm Archegos in 2021 to the bust of British supply-chain financier Greensill.

Bonds have rallied hard, driving two-year U.S. Treasury yields to their lowest since September at 3.72% at one point overnight. They last yielded 3.97%. Benchmark 10-year yields fell overnight and held at 3.492% in Asia.

Free lesson for all you not so smart people with a few thousand to a few hundred on the stock market. They sell off to drop the markets… when y’all get on the train , they buy … y’all are suckers to very few beneficiaries. In your defense, you didn’t know .

My stocks are steady. . scare tactics...

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