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The Market’s Dirty Little Secret with Mike Wilson of Morgan Stanley

RiskReversal Pod

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The Banking Crisis and the BKX

The KBW regional banking index is down 35% from its January highs. The BKX is down 30% in two months or so. It feels to me that it's just kind of hanging out at these lower levels waiting for another shoe to drop. Without money supply, the economy stops. Jamie Dimon said this this week in his annual letter.

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