Back
BlogsEND OF DAY REPORT APRIL 28th

FRC +5%: US officials have reportedly coordinated urgent rescue talksDAY TRADE IDEAS (indices)

Darren Krett

Friday 28 April 2023

Share on:

DAY TRADE IDEAS (indices) facebookDAY TRADE IDEAS (indices) twitterDAY TRADE IDEAS (indices) linkedin

END OF DAY REPORT APRIL 28th

Categories

closing report

HIGHLIGHTS

US arms warplanes with "bunker busting bombs" in a message to Iran, according to WSJ
First Republic (FRC) and advisors have been working on a private-sector solution that avoids FDIC receivership but have failed to craft a proposal so far that wins supports of big US banks and government officials, according to FT sources
FDIC report on Signature Bank: Root cause of Signature's failure was poor management
WSJ article, co-authored by Nick Timiraos, says "after the next meeting, officials could consider a pause", some concerned about tightening lending standards and hiking too far and then facing pressure to cut later this year
"But officials have also signaled their desire to cool the economy so that wage growth doesn’t spur higher inflation. Some of those officials could argue against prematurely ending rate increases out of the fear that inflation might not slow as expected in the second half of the year.”

SUMMARY

Rally, rally, rally...A lively run into month-end for the stocks, but with the spectre of FRC's asset sales, an over-optimistic view of the rate cycle, it may be a rally worth selling into. At least according to BofA.
According to them, if the S&P 500 if it gets above 4,200 as stocks are only pricing in an earnings per share decline of just 4%, while the market is also expecting “210 basis points or rate cuts peak-to-trough”, it shoould be considered a sale.

TODAYS NUMBERS

numb-0428

ON THE TICKET MONDAY

ticket-monday

MARKET SNAPSHOT

snap-0428

Market Snapshot

ProductFutureUnderlyingChangeOptionVolatilityChange

Related reads

Closing Report
CLOSING MARKET REPORT APRIL 11th-image

Darren Krett

Tuesday 11 April 2023

CLOSING MARKET REPORT APRIL 11th

CLOSING MARKET REPORT APRIL 11th

0


Comments (0)

Morning Report
MORNING REPORT APRIL 12th-image

Darren Krett

Wednesday 12 April 2023

MORNING REPORT APRIL 12th

All is quiet as we await CPI number along with the Fed minutes, what will the Fed do with rates? all will be revealed

Get started with Leviathan FM today

7 day free trialContact us
See our pricing

© 2015 - 2024 Leviathan Financial Management LLC. All Rights Reserved.

Legal Disclaimer: The information provided in the Leviathan website is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor professional to determine what may be best for your individual needs. Leviathan Financial Management does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Leviathan Financial Management disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice. Your use of the information on the website or materials linked from the Web is at your own risk.

Structured by Krett