Banking Turmoil: UBS Takes Over Credit Suisse, More "Junk" for First Republic 03/20/23
Squawk on the Street
00:00
Fed Funds
I think a quarter point, as I've been saying, on top of as much as they've done, it probably doesn't seem like the stakes are super high. From there, we have seen a reversion of the trend in terms of Nasdaq outperformance that just got very stretched. So at least on Monday morning, it's sort of just spilling back from what happened last week. You need to do a relative index between the banks and the tech. It's either banks working or tech working, right? That's 100 there on the opposite ends of the spectrum. Yep.
Play episode from 32:03
Transcript
