Morning Note | March 21, 2023 | Quick Update on FPF

Mar 21, 2023

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Good Morning!

Markets are pointing up this morning as First Republic and regional banks stabilize. Tech and financials are leading markets higher, with regional banks up 5%+. Higher yields potentially indicating less of a recessionary impulse from the banking system. BBG reports that US Gov’t is exploring ways to guarantee all bank deposits, potentiall…

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