The View from 5th Avenue

The View from 5th Avenue – 24 March 2023

We have reached the end of what was a very bumpy week in the markets. Today turned out to be no different. It started off with futures slightly up and traders preparing for what seemed to be a normal Friday only to have a potential European banking crisis scare markets and send them down 100 bps at the open. Concerns over Deutsche Bank (Germanys largest lender) grew as CDS contracts on the corporation surged, likely due to overall concern with the industry. German Chancellor Olaf Scholz reitera…

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