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On the SPOT™ blog (03/16/2023) [D..]

This morning (PST) all three major US indices are in the green perhaps because there was enough "damage control" done in the banking sector and there don't seem to be any new "shockers" to cause too much negativity. Swiss National Bank will stated that it will provide liquidity to Credit Suisse (if required) which in turn mentioned it might borrow ~$54B from SNB. At home, there was an article that suggested that bigger banks such as JPM, MS might provide capital infusion to First Republic bank. So, in general things things seem contained at least for now as systemic issues haven't surfaced yet (if any).

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