Greetings,
The United States: Banks have borrowed $165 billion from the Fed over the past week:
– $152.85 billion via the discount window and …
– $11.9 billion via the Fed’s new emergency facility (Bank Term Funding Program). And there is more to come …
The Eurozone: The central bank’s hawkish action shifted rate trajectory expectations sharply higher.
Energy: Crude oil appears to be oversold.
Equities: This chart shows financial sector performance globally since March 8th.
Investor sentiment has been moving deeper into bear-market territory.
Rates: Inflows into Treasury funds remain elevated.
Food for Thought: Projections for Medicare spending:
Edited by Josh Oldmixon
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