Rate Decision Ripple Effects, Equities' Resiliency, and the Trading Day Ahead 6/15/2023
Morning Call
00:00
The Fed's Hawkish Pause and the Impact on Fundamentals of the Banks
Jeffrey gunlock: The dynamics in the market today are drastically different than they were heading into the great financial crisis. Social media traders on reddit discord etc have been actually influencing these stocks along with short selling, he says. Double lines' Steven scowlin and daniel flax say we need to reach that pause at a minimum but it's not this you know cliff where everything's going to reprice and re-rate to 8% yield.
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