Jefferies’ David Zervos says despite the financial instability, the Fed will continue to tighten. He tells us why the talk of a pivot is “rubbish.” First Republic holds more than $19b worth of muni bonds…is the safety trade about to be shaken up amid the bank stress? Plus, more than 100m options contracts expire today, and while bearish signals are cropping up, there are still pockets of bullishness. Susquehanna’s Chris Murphy tells us where traders are seeing buying opportunities.
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The Exchange