Be in the know. 17 key reads for Friday…

  1. Fed Balance Sheet Surges By Another $100BN Amid Bank Runs As Foreign Repos Soar By Record And Cash Floods Into Reverse Repo, Money Markets (zerohedge)
  2. The US banking system may not be as strong as Powell and Yellen are saying, market veteran Ed Yardeni says (businessinsider)
  3. Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both? (bloomberg)
  4. Banks Are Still Drawing on the Fed for $164 Billion of Emergency Cash (bloomberg)
  5. Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks (cnbc)
  6. Why Vietnam’s Markets Trail Its Sizzling Economy (barrons)
  7. Deutsche Bank Stock Tumbles. Banking Panic Isn’t Over Yet. (barrons)
  8. Banks Are Borrowing at Financial Crisis Levels. What It Means. (barrons)
  9. Cathie Wood’s ARK funds snap up Block after short-seller report (marketwatch)
  10. Bill Ackman warns of acceleration in deposit outflows from banks despite Fed’s assurances (marketwatch)
  11. The Personalized Stem Cells That Could One Day Treat Parkinson’s and Heart Failure (wsj)
  12. Tencent, NetEase win new Chinese video game licences in March (scmp)
  13. Wedbush says it’s ‘not seeing anything illegal’ with Block even as short-seller Hindenburg alleges the payment firm misled investors (businessinsider)
  14. Steve Forbes says the Fed’s stubborn rate hikes are trashing the US economy (businessinsider)
  15. Barry Sternlicht warns the economy is facing a sharp slump as the Fed uses ‘a steamroller to get the price of milk down 2 cents’ (businessinsider)
  16. Investor Rush to Cash Is Fastest Since Covid Hit, BofA Says (bloomberg)
  17. Fed’s Bostic Says Rate Decision Came After ‘a Lot of Debate’ (bloomberg)