Italy breakeven rate 1 year hit a record of almost 8% – inflation expectations pic.twitter.com/lDwEnPWh7C
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 26, 2022
NEW: The US and Europe committed to remove some Russian banks from SWIFT, isolating the nation from global financial channels
🇺🇸 🇪🇺 💥 🇷🇺
🚨 Europe uses SWIFT to send payments for Russian natural gas, so a ban may significantly disrupt suppliest.co/dFXbmtuBe0
— Stephen Stapczynski (@SStapczynski) February 26, 2022
100%. To me the math is pretty straightforward, if Russia’s energy is kicked out of the swift system, the entire global financial system will likely Collapse
— Luke Gromen (@LukeGromen) February 26, 2022
Western banks with the highest exposure to Russia
Raiffeisen (35% exposure)
Citibank (2%) t.co/ngp6AmNzIy
— Tracy (𝕮𝖍𝖎) (@chigrl) February 26, 2022
BofA Global Research: “We’re bearish,” “bull era of central bank excess, Wall St inflation & globalization” is ending, to be replaced by a “bear era” of inflation and geopolitical isolationism. They advised investors to sell during market rallies.
“We’re bearish,” analysts at BofA Global Research wrote in a recent note, saying they believe the “bull era of central bank excess, Wall St inflation,(and) globalization” is ending, to be replaced by a “bear era” of inflation and geopolitical isolationism. They advised investors to sell during market rallies.
Charles Lemonides, portfolio manager of hedge fund ValueWorks LLC has been increasing his bets against some stocks, including semiconductor maker Broadcom Inc AVGO.O and plant-based meat company Beyond Meat Inc BYND.O, skeptical that markets will be able to sustain a rally in the face of a hawkish Fed.
First-Quarter GDPNow Forecast Dives to 0.6 Percent After January Income Data
Following the Bureau of Economic Analysis (BEA) January 2022 personal income and outlays report, GDP forecasts took a dive.t.co/ijXGbmSNz9
— Mike "Mish" Shedlock (@MishGEA) February 26, 2022