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On the SPOT™ blog (05/31/2023) [A..]

This afternoon (PST), all three major US indices appear to be in the red. FDIC's comments suggested that number of lenders with weaknesses increased in Q1. This could be the reason for -ve sentiment especially for the banking sector. Some Fed officials commented that there could (as opposed to certain) be a pause in rate hike as early as June FOMC meeting. Debt ceiling maneuvering continues.

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