FNCL News and Press, Fidelity MSCI Financials Index From 03/22/23

2023-03-22 12:11:00 ET Summary Reverberations for the economy remain a threat, but for the moment the odds of contagion risk that spreads across the financial system seem to be receding. Fears of wider, global crisis swirled as Switzerland-based Credit Suisse looked set to implode...

2023-03-22 04:22:00 ET Summary The simplest thing that can be said about current financial market and banking conditions is this: the unwinding of this Fed-induced, yield-seeking speculative bubble is proceeding as one would expect, and it’s not over by a longshot. Silicon ...

2023-03-21 06:53:00 ET Summary Banking turmoil has cast aside the Fed and inflation as the key macro risk. With Q1 earnings just a few weeks away for many large and small Financials sector companies, volatility likely persists in the near term. We spotted one regional bank wit...

2023-03-21 04:20:00 ET Summary Major bank failures are occurring in the US and Europe. Bank failures are common in major recessions, and all fractional reserve banks are at risk. This banking crisis could be worse than the Great Recession. High inflation puts the Fed betwe...

2023-03-21 02:35:00 ET Summary By calling into question the value of a significant portion of the country's bank deposits, the recent failure of one or more regional banks is equivalent to a sudden tightening of monetary policy. If the Fed does not offset this effective tightening...

2023-03-20 15:15:00 ET Summary SVB collapse, consequences, and implications for technology. Role of productivity improvement in addressing inflation. What we learned from industrial tech earnings - identifying focus areas within our macro framework. The collapse of t...

2023-03-20 09:00:00 ET Summary The Fed's balance sheet will be getting much larger. Europe faces a serious inflation problem. Global markets did not "seize up" this week. It is commonly believed that the "Great Financial Crisis" could have been avoided had the Federa...

2023-03-18 09:44:00 ET Summary Just over a week ago, a materially more hawkish narrative from FED Chair Powell at his Congressional Testimony had convinced financial markets that the Fed could revert to a 50 basis point hike in March. However, a wild week of volatility marked by t...

2023-03-17 18:44:00 ET Summary Fighting high inflation is tough enough, but Fed has been trying to tame pricing pressure when the economy is showing signs of weakening, at least in some corners. The central bank normally eases monetary policy and cuts interest rates when economic ...

2023-03-16 08:20:00 ET Summary We use buying in ProShare short ETFs as proxies for measuring actual short selling by investors. The ratio of the money buying the two ProShare financial short ETFs versus the long financial ETF is 4.24 and rapidly approaching last year's all-time hi...