• Mar 17, 2023
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  "It is systemic. The Fed has forced many of these banks to reconfigure their portfolios so as ... they are having duration risk." - Art Cashin

  
  

  "A failure of supervision rather than regulation." "The regulation was there."
  

  
  

  "Earnings have come down around 11%." - Chris Toomey

  
  

  "We're realizing that all of that activity that the Fed has put in in such a quick fashion is really creating breakage in the system." Fist the banks (which handle money) and then other things in the economy. Especially businesses that really shouldn't be operating at this level where the costs of funds is higher. Values down or out of business.
  

   
  

  He said that he was looking for 3600 (real pain in the market) before he starts putting money to work, rather than any other news that could happen.
  
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  <div>"It is systemic. The Fed has forced many of these banks to reconfigure their portfolios so as ... they are having duration risk." - Art Cashin</div><div><br></div><div>"A failure of supervision rather than regulation." "The regulation was there." <br></div><div><br></div><div>"Earnings have come down around 11%." - Chris Toomey</div><div><br></div><div>"We're realizing that all of that activity that the Fed has put in in such a quick fashion is really creating breakage in the system." Fist the banks (which handle money) and then other things in the economy. Especially businesses that really shouldn't be operating at this level where the costs of funds is higher. Values down or out of business. <br></div><div>  <br></div><div>He said that he was looking for 3600 (real pain in the market) before he starts putting money to work, rather than any other news that could happen. <br></div>

  "It is systemic. The Fed has forced many of these banks to reconfigure their portfolios so as ... they are having duration risk." - Art Cashin

  
  

  "A failure of supervision rather than regulation." "The regulation was there."
  

  
  

  "Earnings have come down around 11%." - Chris Toomey

  
  

  "We're realizing that all of that activity that the Fed has put in in such a quick fashion is really creating breakage in the system." Fist the banks (which handle money) and then other things in the economy. Especially businesses that really shouldn't be operating at this level where the costs of funds is higher. Values down or out of business.
  

   
  

  He said that he was looking for 3600 (real pain in the market) before he starts putting money to work, rather than any other news that could happen.
  

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