Small banks make about 40% of the loans in the U.S., and so that contraction of small business loans is going to have a big impact on the economy. Once 10-year yields peak, that's good for growth stocks and long duration assets. So I do think we could be in a situation where at the end of the year, maybe the economy's not quite as good as it is right now but the Fed tightening cycle has ended.
Bloomberg Businessweek Editor Joel Weber and Bloomberg News Reporter Thomas Buckley discuss Thomas's Businessweek story John Wick’s Blowout Opening Lifts Lions Gate But Won’t Fix Starz. Bloomberg News Americas Finance Team Leader Sally Bakewell shares a warning from JPMorgan’s Jamie Dimon that the US banking crisis will be felt for years. Amelia Tyagi, CEO at Business Talent Group, explains why companies are increasingly turning to on-demand talent for leadership positions. Esi Egglestone Bracey, President at Unilever USA, discusses the launch of #BlackHairIsProfessional to stop discrimination of Black hair in the workplace. And Randy Watts, Chief Investment Strategist at O'Neil Global Advisors, provides a technical analysis of the markets.
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