Banking Turmoil: First Republic's $30B Rescue, SVB Bankruptcy, White House Reaction 3/17/23
Squawk on the Street
00:00
Is There Anything Interesting Going on With Arc This Week?
The money has gone to some of those names in part. But look at the two-year chart of Arc and tell me that there's anything interesting going on with Arc this week. And AMD up 18 and 1.5% this week. Because people are in love with the whole semi-story and the AI story, and it's actually something that you don't, it's not dependent on what the Fed does next week really. It's notdependent on recession in four months or eight months. So I'm not arguing that lower rates and Fed policy are not part of the equation. They're just not the entire equation.
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