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'We need to stop this now.' First Republic support is spreading financial contagion, says Ackman.

Por: MarketWatch Business March 18, 2023

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Those moves illustrate the whipsaw action in stocks and bond yields as traders tried to work out the seriousness of the unfolding banking crisis and how much it would compromise central banks’ ability to sustain their inflation fighting strategies. Worries that financial sector tremors would badly impact the global economy — and some over-long positioning — also caused a slump in oil prices. Still, the stock market rallied on Thursday, and... + full article



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