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Date Posted: 10:39:23 5/02/23 Tue
Author: Jasper
Subject: From over to Jesse's cafe

.
PM announced the 'rescue' of First Republic Bank this morning, in a takeover subsidized by the FDIC.

This is the second largest bank failure. Three of the four largest bank failures in U.S. history have taken place over the last two months.

The better than expected ISM Manufacturing numbers this morning helped throw the markets into a sharp reversal.

Gold and silver managed a fairly impressive intraday wash and rinse.

The Dollar shifted into rally mode.

Stocks had another ranging day but managed to finished mostly unchanged.

This may be a data driven week, with the Fed's latest rate decision on Wednesday afternoon, and the Non-Farm Payrolls report on Friday.

The corruption at the Supreme Court is almost on a par with the financial corruption and insider trading at the Fed.

And its performance falls about as historically short of intentions.

The oligarchy is audacious.

Have a pleasant evening.

https://jessescrossroadscafe.blogspot.com/

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