Communication Services' Outperformance, Dow Transports' Underperformance, and the Final Days of the First Quarter 03/30/23
Morning Call
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The Scope of the Current Banking Crisis
A new note from Barkley suggests the first wave of deposit outflows related to bank solvency fears may be nearly over, but that a second wave is likely coming. The company says it is willing to seed control of some of its main businesses, including retailing cloud. No details yet on a timeline for any IPOs with CEO Daniel Zhang saying his team will continue monitoring market conditions.
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