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Search resuls for: "Larry McDonald"


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☆ Goldman Sachs says it doesn't expect a Fed interest rate hike in March after Silicon Valley Bank's implosion
  + stars: | 2023-03-13 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Goldman Sachs now doesn't expect the Fed to hike interest rates at its next meeting on March 21-22. But the aftermath of the implosion of Silicon Valley Bank is causing uncertainty about the banking sector. Goldman Sachs now doesn't expect the Federal Open Market Committee to hike interest rates at its next two-day meeting on March 21 and 22. But, because the prices of bonds have an inverse relationship to interest rates, SVB was facing a $1.8 billion loss on the sale. And Goldman Sachs analysts aren't the only ones who think the Fed's interest rate decisions could be affected by Silicon Valley Bank's collapse.
☆ Two big Silicon Valley banks failed when the easy money ran out - and that could be just the start.
  + stars: | 2023-03-13 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +7 min
Before we jump into the newsletter, the Silicon Valley Bank saga is continuing to unfold, so let's quickly break down the latest. "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," policymakers added. The fall of SVB and Signature bank means the Fed's aggressive interest-rate hiking regime has now taken sizable casualties. A $15 billion venture capital firm had warned its startups of Silicon Valley Bank's red flags months ago. Greenoaks Capital Partners told clients in an email back in November that SVB, as well as other firms, could see problems in a high-interest-rate environment, Bloomberg reported.
☆ Silicon Valley Bank troubles may cause Fed to start cutting rates, says Larry McDonald
  + stars: | 2023-03-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilicon Valley Bank troubles may cause Fed to start cutting rates, says Larry McDonaldLarry McDonald, founder of The Bear Traps Report, joins CNBC's "Squawk Box" to discuss the trouble at Silicon Valley Bank.
☆ Legendary investor Jeremy Grantham says the stock bubble is still deflating and the market will bottom in 2024 amid the Fed's 'horror show'
  + stars: | 2023-03-10 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +4 min
The stock bubble is still in the process of deflating and the market won't bottom until 2024, Jeremy Grantham said. The legendary investor blasted the Fed's monetary policy as a 36-year-long "horror show." He foresaw mild pain in the year ahead for investors, warning of a falloff in equities around April. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. That's similar to the rallies seen prior to the burst of the dot-com bubble, when the Nasdaq Composite plunged 40% in 2001.
☆ Stocks may crash 30% in 60 days as Americans run short of cash and investors jump ship, a markets guru says
  + stars: | 2023-03-09 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
US stocks could plummet as much as 30% over the next two months, Larry McDonald said. "The Bear Trap Report" founder sees higher interest rates choking demand and hammering the economy. McDonald also predicts investors will swap stocks for bonds to earn higher yields. McDonald estimated that every 1% increase in rates translates into a $50 billion rise in costs for middle-class Americans. He noted that interest rates on US auto loans are approaching 14%, and nearly 20% of those loans cost over $1,000 each month.
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