Mouse-House Mullered, Banks Battered, But Mega-Cap Tech Turbocharged

May 11th 2023 6:00pm EDT

Listen Tyler Durden China wasn’t pretty overnight, and then domestically, ugly jobless claims and cooler than expected producer price inflation offered some dovish hope (inflation weaker and growth weaker = less need for Fed tightening) but PacWest pissed in the punchbowl by admitting that 10% of their deposits left the building last week following the […]

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