Gundlach, Ackman Weigh Fed’s US Bank Rescue Impact on Markets
- Strategists see short-term sentiment boost from loan plan
- Ackman, Gundlach among voices warning of trouble ahead
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The failure of Silicon Valley Bank and the government rescue of its depositors are ripping through market bets on everything from the economy to the US interest-rate outlook.
Authorities rushed to stem panic about the health of the US financial system by pledging to fully protect depositors’ money and offer loans to banks under easier terms than usual.