BNKU News and Press, MicroSectors U.S. Big Banks Index 3X Lev From 03/28/23

2023-03-28 05:00:00 ET Summary The primary reason why China wants a cease-fire in Ukraine is that the G7 has started sanctioning Chinese companies that do business with Russia. The European Union and Canada’s goals of reducing carbon dioxide emissions can have severe conseq...

2023-03-28 04:55:00 ET Summary The S&P 500 earnings yield is 5.57% vs last week’s 5.66% and as of 12.31.22, 5.81%. Obviously, we are most interested in what’s happened since March 6, 2023, or around the collapse of Silicon Valley Bank, and as readers can see, the...

2023-03-28 01:10:00 ET Summary The Federal Reserve’s FRED data on commercial bank deposits was just updated through the week of 3/15. From the prior week, deposits fell roughly $100 billion, or about 0.56% from $17.6 trillion down to $17.5 trillion. A week-over-week dec...

2023-03-28 00:45:00 ET Summary Over the past year, the Federal Reserve and the various European central banks have raised rates more than at any time since 1981. Short-term interest rates rose above long-term rates, creating the steepest yield curve inversion in decades. As su...

2023-03-27 08:00:00 ET Summary I don’t think there is a financial reason to withdraw your funds from a small bank, especially if your deposits are below the FDIC limit. The fall in interest rates due to economic growth concerns has seen investors shift back to the assets th...

2023-03-27 05:37:21 ET Summary The Federal Reserve raised interest rates by a quarter point to manage inflation, but faces a conundrum. The Federal Reserve has opened a new short-term loan facility to address a liquidity crunch. The negative market action is being masked by th...

2023-03-27 05:05:25 ET Summary Investors were faced with more banking turmoil last week, as the cost to insure Deutsche Bank's debt soared. In addition, the Fed raised rates another 25 basis points, as the consensus calls for corporate defaults, recession, and new bear market lows...

2023-03-27 04:00:00 ET Summary The surging cost of raising new bank capital will leave a mark. The current bullish narrative sees China as the relative safe haven, as the U.S. and Europe struggle to contain banking crises. The Federal Reserve's focus on banking system liquidit...

2023-03-26 08:34:44 ET Summary Fed's Bank Term Funding Program partially resolved liquidity issues. It would be a grave error to consider liquidity injection as quantitative easing. All loan types increased by more than $339 billion, a record amount, indicating that the situation ...

2023-03-26 06:25:00 ET Summary In the week since the Silicon Valley Bank bankruptcy, global authorities have stepped in starting with the Federal Deposit Insurance Corporation, the Swiss National Bank, the People’s Bank of China, and the US Federal Reserve, offering lifelines o...