There is some very good commentary going on this morning regarding today's market action. One of the more interesting theories, and one that's been discussed for a while, pits the Fed and the big banks against the ECB and the WEF/Davos crew, speculating that the Silicon Valley Bank failure is part of a concerted attack on the latter. On this subject, I'm finding Tom Luongo's tweets especially interesting. https://twitter.com/TFL1728 In a recent podcast, he floated the theory that Europe will take the brunt of a coming debt crisis, led by the collapse of Credit Suisse and igniting a flight to the relative safety of U.S. bonds. https://rumble.com/v20sm0c-wait-the-fed ... rview.html
I'm lucky if I understand 10% of what he says, but it sure has a ring of truth.
Today's Smackdown
Moderator: Global Moderator