Weekend 03/11 & 03/12
Top 5 things to watch in markets in the week ahead – investing
Fed Rate Puzzle Gets Final Inflation, Retail Pieces: Eco Week – bbg
ADP Payrolls Unexpectedly Surge To 9 Month HIgh Amid “Clear Slowdown In Pay Growth” – Zerohedge
Private payrolls surged by 296,000 in April, much higher than expected, ADP says – cnbc
What will happen next for SVB customers after Biden ruled out bailout? Federal Reserve says all depositors will get their money back – dailymail
The Collapse Of SVB Portends Real Dangers – Zerohedge
Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes – Reuters
SVB Collapse Could Add to China Stock Investors’ Anxiety – Reuters
Meet China’s Top Officials Running the Show in Xi’s Third Term – bbg
What Analysts Say About China’s Move to Stick With Economic Team – bbg
Roku Among Most-Exposed Firms With Assets Caught in SVB Failure – bbg
Hedge Funds Offering to Buy Startup Deposits Stuck at Silicon Valley Bank -Semafor – Reuters
HPS, Oaktree Among Firms Pitching Deals for Trapped SVB Deposits – bbg
Your Sunday Asia Briefing: SVB Payout, Xi’s Next Act and the Oscars – bbg
FDIC Races to Start Returning Some Uninsured SVB Deposits Monday – bbg
SVB Fallout Spreads Around the World as UK Firms Plea for Help – bbg
Blindsided by SVB, Credit Traders Are Rushing Toward Safety – bbg
SVB’s Lightning Collapse Stuns Banking Industry – Reuters
SVB Draws Support From More Than 100 Venture Firms, Investors – bbg
Trump Era Roll Back of Bank Regulations Resurfaces Amid SVB Collapse – newsweek
Silicon Valley Bank collapses after failing to raise capital – cnn
SVB Financial had Investment-Grade Credit Ratings (Moody’s, S&P) up to Collapse. Got Slashed in One Fell Swoop to Default – wolfstreet
US Discusses Fund to Backstop Deposits If More Banks Fail – bbg
SVB’s New Owner, the FDIC, Gives Workers 45 Days of Employment – bbg
Silicon Valley Bank’s Demise Began With Downgrade Threat – Reuters
Jeremy Grantham’s World of Super Bubbles Has No Soft Landings – bbg
Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin – bbg
Charting the Global Economy: US Job Growth Continues to Surprise – bbg
Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash – Zerohedge
The $42bn bank run that sunk Silicon Valley Bank – ft
SVB’s Auction Block Includes VC-Focused Lender, Wealth Unit – bbg
SVB Spectacularly Fails After Unthinkable Heresy Becomes Reality – bbg
USD Coin Stablecoin Falls Further From Peg on SVB Exposure Risk – bbg
SVB Meltdown Brings Another Blow to Cash-Starved Biotech Industry – bbg
SVB Seeks Quick Savior After Regulators Shut Banking Operations – bbg
Silicon Valley Bank Provided Sought-After Loans for Buyout Firms – bbg
SVB Rivals Field Calls From Startups Seeking New Home for Funds – bbg
Friday 03/10
Business Live – guardian
The Second-Biggest Bank Failure – nyt
Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours – cnbc
Why Is Everyone Talking About SVB? Here’s Everything We Know About the Bank Right Now – bbg
Moody’s Downgrades Credit Ratings on Silicon Valley Bank, SVB Financial – Reuters
SVB’s UK Business to Be Declared Insolvent by Bank of England – bbg
Dow closes more than 300 points lower, posts worst week since June as Silicon Valley Bank collapse sparks selloff – cnbc
More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000 – cnbc
Bonds Surge as Fears Over US Bank Portfolios Spur Haven Demand – bbg
Two-year Treasury yield posts its biggest 2-day drop since 2008 as financial crisis raged – cnbc
Schwab Can’t Catch a Break as SVB, Block Trade Weigh on Shares – bbg
First Republic, Regional Peers Try to Boost Confidence After SVB – bbg
SVB’s Stranded Deposits Spread the Pain From Tech to Napa Valley – bbg
As Banks Topple, Regulators Face Reckoning for Week of Mayhem – bbg
Roku Slides After Reporting That Failed Bank Holds Chunk of Cash – bbg
Roku says 26% of its cash reserves are stuck in Silicon Valley Bank – cnbc
Stablecoin Firm Circle Reveals $3.3 Billion Exposure to Silicon Valley Bank – bbg
Inflation Data on Deck for Markets Hit by Worries About Fed, Banks – Reuters
Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley Bank – cnbc
Silicon Valley Bank shutdown: How it happened and what comes next – nbcnews
Silicon Valley Bank fails in largest bank collapse since 2008 crisis – guardian
Silicon Valley Bank failure could wipe out ‘a whole generation of startups’ – npr
Silicon Valley Bank: What happened – fidelity
One of Silicon Valley’s top banks fails; assets are seized – ap
Companies scramble to meet payroll, pay bills after SVB’s swift failure – cnbc
Silicon Valley investors and founders express shock over SVB’s collapse, describe struggles to get money out – cnbc
SVB Depositors, Investors Tried to Pull $42 Billion on Thursday – bbg
Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank – bbg
Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source says – cnbc
SVB Rocks California as Rich Founders Join Napa Vintners in Fear – bbg
Silicon Valley Bank swiftly collapses after tech startups flee – bbg
SVB Chief Sold $3.6 Million in Stock Days Before Bank’s Failure – bbg
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis – cnbc
US PREMARKET
Wage growth is cooling — but workers still have bargaining power, economists say – cnbc
Payrolls rose 311,000 in February, more than expected, showing solid growth – cnbc
BofA Sees Stocks Stuck on Fed Until Recession Evident – bbg
Banks Slump to Deal Blow to Engine of Europe’s Strong Rally – bbg
Bonds Surge as Fears Over US Bank Portfolios Spur Haven Demand – bbg
One Bank Folds, Another Wobbles and Wall Street Asks If It’s a Crisis – bbg
SVB Shares Slump Again as Clients Threaten to Pull Cash – bbg
European markets lower; bank stocks shed 4% on Silicon Valley Bank plummet – bbg
Marketmind: Bond Blows Batter Banks as SVB Cracks – Reuters
Marketmind: Jumpy Around Jobs – Reuters
Hong Kong, Australia stocks tumble as Asia continues Wall Street’s sell-off; Bank of Japan holds rates – cnbc
China’s Credit Expands Faster Than Expected in February – bbg
China’s February Credit Grows Faster Than Expected, Supporting Recovery – Reuters
China’s Consumer Spending Is Showing Signs of Strong Rebound – bbg
Kuroda Sticks With BOJ Easing, Refrains From Parting Surprise – bbg
China EV Stocks Slip as Automakers Continue to Mark Down Prices – bbg
MSCI China Stocks Gauge Erases 2023 Gains Amid Key Policy Meet – bbg
Xi Stops Playing Nice; China’s Financial Overhaul: NPC Update – bbg
This Week in China: A $4 Trillion Rebound Is Giving Way to Gloom – bbg
Asian Bank Stocks CBA, MUFG Drop as Worry on SVB’s Health Sours Sentiment – bbg
Asia Sees Limited Contagion Risk From Silicon Valley Bank’s Woes – bbg
Asia Stocks to Fall After Bank Rout on Wall Street: Markets Wrap – Zerohedge
Thursday 03/09
Business Live – guardian
Bank Stocks Sink Most in Nearly Three Years as Sentiment Sours – bbg
SVB Drops Most on Record as Startup Clients Face Cash Crunch – bbg
Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points – dailymail
Bitcoin Drops Below $20,000 Level for First Time Since January – bbg
Founders Fund, Other VCs Advise Companies To Pull Cash From SVB – Zerohedge
Peter Thiel’s Founders Fund Advises Companies to Withdraw Money From SVB – bbg
Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and more – cnbc
Stocks and yields slide on financial contagion fears & geopolitics ahead of NFP – Newsquawk US Market Wrap
Oracle Revenue Falls Short of Analysts’ Estimates on Wavering Demand – bbg
Oracle shares sink nearly 5% after third-quarter revenue miss – cnbc
Banks, Bitcoin, & Bond Yields Battered Ahead Of Payrolls Print; Bullion Bid – Zerohedge
S&P 500 closes 1.8% lower as bank stocks succumb to pressure, Dow sheds more than 500 points – cnbc
Bank Bonds Weaken After SVB Says It’s Shoring Up Capital – bbg
Silicon Valley Bank tells clients to ‘stay calm’ as shares sink – la
SVB Financial CEO Asks Silicon Valley Bank Clients to ‘Stay Calm’ as Shares Sink – bbg
Wall Street’s Favorite Trade Hammered in Bank Stock Meltdown – bbg
Bank Bloodbathery Sparks Widespread ‘Risk Off’ – Zerohedge
Biden Budget Puts Spotlight on Deficit Crunch Facing Washington – bbg
President Biden Unveils $6.9 Trillion Budget ‘Blueprint’ – Zerohedge
Brace For “Surge” In Initial Jobless Claims As Goldman Warns Favorable Seasonal Adjustments Are Over – Zerohedge
US PREMARKET
GE Sees Wider Aerospace Profit Margins Ahead After Breakup – bbg
JD Sales Rise 7% After Chinese Online Shopping Stays Resilient – bbg
Inflation Likely to Stick Around for a While, NY Fed Study Suggests – bbg
WTF Chart Of The Day: Jobless Claims Finally Rise As Layoffs Soar At Fastest Pace ‘Since Lehman’ – Zerohedge
Futures Drop As Attention Turns To Friday’s Payrolls – Zerohedge
Frontier Countries to Suffer Most if Fed Rate Gets to 6% -Analysts – Reuters
Gundlach Doesn’t Think Two-Year Treasury Yields Have Hit Peak – bbg
European markets head for lower open as investors weigh economic outlook – cnbc
Asia-Pacific markets mixed as China’s inflation marks slowest pace in year – cnbc
Mobius Says Chip Stocks Are Top Bets Amid US, China Investments – bbg
Asian Stocks Set to Rise After Choppy US Session: Markets Wrap – bbg
China’s Consumer Inflation Slows as Demand Eases Post-Holiday – bbg
Chinese Chip Suppliers Soar After Reports of Japanese Curbs – bbg
China’s Burst of Copper Exports Shows Economy Still Struggling – bbg
Goldman Favors EM Equities Over Bonds as Rates Buffer Fades – bbg
China Consumption Bets Are Too Optimistic, Top Global Fund Says – bbg
Yen Carry Trade Poised for Potential Comeback If BOJ Risks Abate – bbg
Japan’s Economy Struggles to Eke Out Growth in Fragile Recovery – bbg
Wednesday 03/08
Stocks making the biggest moves after hours: Silvergate Capital, MongoDB, Uber and more – cnbc
Silvergate Slides on Plan to Wind Down Bank Operations and Liquidate – bbg
Markets chop on hawkish leaning ADP and JOLTS, dovish Powell tweak – Newsquawk US Market Wrap
Good News Is Bad News Again: Jobs Data Jolts Markets, Sends Rate-Hike Odds Soaring – Zerohedge
Dow finishes slightly lower as traders consider a faster Fed tightening cycle – cnbc
US Businesses See Moderation in Inflation Ahead, Fed Survey Shows – Reuters
Beige Book Finds Drop In Inflation Concerns, Expectations For Continued Price, Wage Moderation – Zerohedge
US Economy Got a Strong Start in 2023, Fed’s Beige Book Says – bbg
Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more – cnbc
US Factory Orders Fall as Civilian Aircraft Demand Dives – Reuters
NY Fed Says Supply Chain Pressures Normalized in February – Reuters
Column-In Global Rate Race, Few Central Banks Ever Lap the Fed: McGeever – Reuters
Hedge Funds up Leverage, but Fear Directional Bets With Blurred Macro Picture – Reuters
Instant View: Powell Talks Tough Again, but Says No Call Made on Stepping up Hikes – Reuters
Powell Says ‘No Decision’ Has Been Made on Speeding Up Pace of Rate Hikes – bbg
Bank of Canada Holds Rates at 4.5% Even as Fed Pushes Higher – bbg
Stubbornly Strong Job Openings Beat Expectations Despite Plunging Number Of Quits – Zerohedge
US Job Openings Drop to 10.8 Million But Are Still Too High for Fed – bbg
US PREMARKET
When The Yield Curve Inverts Over 100bps “A Recession Is Already Underway Or Begins Within 8 Months” – Zerohedge
Stocks making the biggest premarket moves: CrowdStrike, Occidental Petroleum, Tesla and more – cnbc
ADP Reports Wage Growth Slowing Despite Job Gains – Zerohedge
Private payrolls rose by 242,000 in February, better than expected, ADP says – cnbc
Citi Sees Half-Point March Rate Hike on Hawkish Powell Remarks – bbg
Investors Bet on Europe’s Inflation Matching US in Echo of Financial Crisis – bbg
Futures Rebound After Powell-Inspired Rout – Zerohedge
Raising Rates Further Could Damage Already Weak UK Economy, BOE’s Dhingra Warns – bbg
Stagnating eurozone GDP is worse than it seems – ING
Euro Zone’s Economy Failed to Grow at End of Last Year – bbg
Euro Zone Economic Growth Trimmed to Zero Q/q at End of 2022 – Reuters
German industry rebounds in January – ing
German Industrial Output Rises More Than Expected in January – Reuters
Continental Sees 2023 Earnings, Margin Improving as Cars Recover – bbg
Continental Predicts Higher Margins, Selling Russia Operations – Reuters
Adidas To Cut Dividend 80% After Losing $1.3 Billion Severing Ties With Kanye West – Zerohedge
Adidas to Slash Dividend to 0.70 Euros Per Share After Kanye West Split – Reuters
New Adidas CEO Promises Turnaround by Cutting Inventory, Rebates – bbg
Global Investors Contemplate Fallout From US Rates Reaching 6% – bbg
EU’s Fastest Inflation Finally Slows as Hungary Faces Recession – bbg
European markets set to open lower after Powell’s comments – cnbc
Marketmind: the Perils of Not Keeping up With Powell – Reuters
Hong Kong stocks fall 2% as Fed’s Powell hints at more rate hikes ahead – cnbc
BOJ Governor Kuroda’s Last Meeting Has Markets Focused on a Final Surprise – bbg
Asian Stocks Sink, Dollar Buoyant After Hawkish Powell Comments – Reuters
Analysis-China’s Financial Regulatory Revamp Raises Hope, Some Concern Over Control – Reuters
China Bears Brunt of Asia Tech Selloff After Hawkish Powell Talk – bbg
How Powell’s Surprise Rate Signal May Ripple Through Asia Stocks, Currencies – bbg
Explainer-Why Japan’s ‘Shunto’ Spring Wage Talks Matter – Reuters
RBA Closer to Point When Rate Pause ‘Appropriate,’ Lowe Says – bbg
Asia Stocks to Slide as Powell Stokes Rate Fears: Markets Wrap – bbg
Tuesday 03/07
Business Live – guardian
BlackRock says European companies are showing ‘surprise resilience’ — and better value than the U.S. – CNBC
“Increased Financial Fragility”: Fed Paper Has Word Of Warning For Central Banks Indulging Markets – Zerohedge
“Survivor”: Jeff Gundlach Live Webcast – Zerohedge
Deepest Bond Yield Inversion Since Volcker Suggests Hard Landing – bbg
Risk assets were pressured and the dollar surged after Powell’s hawkish remarks – Newsquawk Asia-Pac Market Open – Zerohedge
‘Hawkish’ Powell Pummels Stocks, Oil, & Gold; Yield-Curve Collapses As Terminal-Rate Soars – Zerohedge
Stocks making the biggest moves after hours: CrowdStrike, Stitch Fix and more – cnbc
CrowdStrike Jumps After Beating Revenue Estimates in Down Market – bbg
Analysis-Investors Revive Inflation Trades as 6% Fed Rate Risk Grips Wall Street – Reuters
Wall Street Falls More Than 1% as Powell Flags Sharper Rate Hikes – Reuters
Dow closes 570 points lower, turns negative for 2023 as Powell ignites higher rate fears – cnbc
Consumers Hit A Brick Wall: January Credit Growth Craters As Interest Rates Soar – Zerohedge
Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more – cnbc
OPEC Head Dines With US Shale Bosses As Tight Capacity Sparks Concerns – Zerohedge
Morgan Stanley’s Wilson Sees 20% Downside for Tech, Meme Stocks – bbg
BlackRock Sees ‘Reasonable Chance’ of Fed Raising Rates to 6% – Reuters
Goldman Lifts Forecast for Peak Fed Rate After Hawkish Powell Testimony – bbg
Powell Boosts Warning on Crypto Industry and Its ‘Turmoil’ – bbg
Fed’s Powell Again Rejects Idea of Raising Inflation Target – Reuters
Economists See Larger March Rate Hike After Powell’s Remarks – bbg
Odds of 50-Basis-Point Fed Rate Hike Rise After Powell Testimony – Reuters
Wall Street Fears Big Fed Rate Hike After Powell ‘Came Out Swinging’ – bbg
Powell’s Shift on Rate Hikes Comes as Officials Prepare for March Meeting – bbg
Hawkish Powell Puts 50 Bp Fed Rate Hikes Back on Table – Reuters
Powell Sees Higher Peak for Interest Rates, Says Fed Prepared to Speed Up If Needed – bbg
Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated – cnbc
Watch Live: Fed Chair Powell Testifies To The US Senate – Zerohedge
Marketmind: Powell’s Plan, China Challenge – Reuters
US PREMARKET
Used-Car Prices Reaccelerate With Biggest February Gain Since 2009 – Zerohedge
ECB Survey Sees Moderating Inflation, Rising Wage Expectations – Reuters
Stocks making the biggest premarket moves: Meta, Rivian, WW International, KeyCorp and more – cnbc
Futures Rise Ahead Of Powell Senate Testimony – Zerohedge
Citigroup Expects ECB to Take Deposit Rate to 4% by July This Year – Reuters
Ranking Crypto Popularity Across European Union Nations – Zerohedge
Meta planning thousands of more cuts after widespread layoffs, report says – cnbc
Cryptoverse: Hooked on Growth, Bitcoin Investors Turn to Smart Tokens – Reuters
European markets head for mixed open as investors await Fed chair’s comments – cnbc
Marketmind: Don’t Fight Central Banks – Reuters
Asia-Pacific markets mostly higher as investors look ahead to Powell’s congress testimony – cnbc
China’s Exports Extend Declines, Adding Pressure to Economy – bbg
China Jan-Feb Exports, Imports Slump Again as Global Demand Falters – Reuters
Most Asian Equities See Outflows in Feb as Rate-Hike Jitters Weigh – Reuters
Aussie Slides After RBA Hikes Rates For 10th Consecutive Time, Says Inflation Has Likely Peaked – Zerohedge
RBA Raises Key Rate, Says Further Tightening Data Dependent – bbg
Japan Real Wages Fall Most Since 2014 Despite Kishida Push – bbg
Asia Stocks Set for Cautious Open as US Gains Fade: Markets Wrap – bbg
Monday 03/06
Business Live – guardian
Here’s What You Need to Know After Day One of China’s NPC – bbg
Stocks making the biggest moves after hours: WW International, KeyCorp and more – cnbc
Hawkish ECB and pre-Powell positioning sees stocks and bonds fade initial gains – Newsquawk US Market Wrap
Big-Tech Trounces Small Caps As Rates Rip Ahead Of Powell – Zerohedge
Dow closes higher Monday to notch four-day win streak – cnbc
Fast-Money Quants Are Buying Stocks as Human Traders Stay Put – bbg
Europe Bond Sales Top Half-a-Trillion Mark in Record Time – bbg
Stocks making the biggest moves midday: Snap, Apple, Boeing and more – cnbc
New bipartisan Senate TikTok bill will be unveiled Tuesday – cnbc
Snap Stock Surges as Push to Ban TikTok Gains Steam in US Congress – bbg
NY Fed Says Supply Chain Pressures Normalized in February – Reuters
Global Supply Chains Back to Normal After Rocky Three Years, NY Fed Says – bbg
Peter Schiff: All Roads Lead To Hard Landing And Higher Inflation – Zerohedge
Tesla Is No Longer Morgan Stanley’s Top US Carmaker Pick – bbg
Core US Factory Orders Jump More Than Expected In Jan, Aircraft Orders Plunge – Zerohedge
US Factory Orders Fall as Civilian Aircraft Demand Dives – Reuters
US PREMARKET
ECB’s Holzmann Wants Four More Half-Point Rate Hikes – bbg
Fed Study Shows Loose Monetary Policy Leads To Disaster And Financial Crisis – Zerohedge
What to Watch as Grayscale and SEC Face Off Over ETF Conversion – bbg
Key Events This Very Busy Week: Jobs, JOLTS, ADP And Two Powell Testimonies – Zerohedge
Stocks making the biggest premarket moves: Ferrari, Apple, KB Home and more – cnbc
Goldman Says Buy Apple After Years on Sidelines of 300% Advance – bbg
Michael Wilson Turns Tactically Bullish, Sees S&P Rising To 4150 – Zerohedge
Morgan Stanley Strategist Wilson Sees Near-Term US Stock Market Rally – bbg
Euro Zone Retail Sales Weaker Than Expected in January – Reuters
Euro Zone Investor Morale Unexpectedly Falls in March – Reuters
Oil Down on China Outlook, Spotlight on Possible Rate Hikes – Reuters
Factbox-Tesla Cuts Prices Globally in a Bid to Spur Demand – Reuters
Tesla Slashes Prices of Model S, Model X in US For Second Time This Year – bbg
Goldman: The Big Near-Term Risk Here Is If The Fed Opens Up 50s – Zerohedge
European markets set to start the new trading week on a positive note – cnbc
Marketmind: China Takes Five – Reuters
Marketmind: Hopeful Market Awaits Powell Testimony – Reuters
Asia markets mixed as investors further digest China’s modest growth target – cnbc
Property Shares Fall After China Targets ‘Unregulated’ Expansion – bbg
China Setback Looms As Growth Target Disappoints – Zerohedge
China Confident of Achieving 2023 Economic Growth Target: State Planner – Reuters
China Markets Await Further Bullish Signs From NPC: In Charts – bbg
China’s FX Regulator Says No Change in Policy on Cross-Border Remittances – Reuters
UBS Upgrades China’s Growth Forecast as Rebound Gathers Pace – bbg
Here Is What Market Watchers Are Saying About China’s NPC – bbg
Kuroda’s Decade at the BOJ Changed How Japan’s Banks Make Money – bbg
Marketmind: China Sets Out Economic, Political, Military Vision – Reuters
Dollar Strengthens as Traders Weigh China Outlook: Markets Wrap – bbg
Week Ahead: Powell Testimony; U.S. Employment and JOLTS Reports; BoC, BoJ and RBA Meetings; UK and French Leaders Meet; Chinese data – cb