Usage of the Fed's discount window is rising –
This rose in 2008 and during COVID-crash… pic.twitter.com/FCjO6fFq7W
— Puru Saxena (@saxena_puru) December 20, 2022
Note from JP Morgan –
"Some US banks' tangible common equity has fallen into negative territory"…
Real risk of a credit event/financial crisis…cash in the bank or with brokers is exposed to credit risk.
1-3month US Treasuries are safer….relevant ETF is $BIL pic.twitter.com/Wyn8nAO1V5
— Puru Saxena (@saxena_puru) December 20, 2022
The whole Fed pivot narrative that markets were obsessed with all year proved to be the biggest let down of 2022.
— The Kobeissi Letter (@KobeissiLetter) December 19, 2022
I see the FED blowing and blowing to make the bubble the biggest possible before bursting it with interest rate hikes and QT…as always.
— Pablo Gil (@PabloGilTrader) December 20, 2022
The median price of single-family houses sold in November in San Francisco plunged by 11.4% from October to $1.50 million, and by 27% from the peak in April
