Your Sunday US Briefing: Regional Banks and a Rocket for Mars
Ease into the new week
For its first launch attempt, SpaceX’s Starship will ascend from the Boca Chica base on top of a massive rocket booster called Super Heavy.
Source: SpaceXHello from New York City, where we need more rain and the rats are still winning. After last month’s banking drama, this week promises some clues as to where we might be headed.
The big bank watch: Bond investors will pay a lot more attention than usual to quarterly bank results as they assess the potential hit to economic growth from any slide in lending. After a trio of heavyweight Wall Street banks reported windfalls last week, a swath of regional lenders, including Truist and Republic First, will report earnings this week. The results will give traders a key insight into the health of the industry and its willingness to make loans following the collapse of Silicon Valley Bank. Volatility has gripped the $24 trillion Treasury market ever since.