Feels like 2007 shit… Large banks arenโ€™t able to fully offload junk loans to money managers

Goldman Says Fed May Slam S&P As Low As 2,900

Less than a year ago, Goldman (or at least its client-facing sellside research team) was one the most bullish banks on Wall Street, with chief US equity strategist putting a 5,100 S&P price target for his 2023 year end forecast last November. That, to put it mildly, has been a complete disaster of a forecast, and in subsequent months, Kostin has repeatedly slashed his S&P target…

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2Y Treasury Yields Top 4.00% For First Time Since Oct 2007

For the first time since October 2007, the yield on 2Y US Treasury bonds has topped 4.00%…

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