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Breakfast Bites - Fri Mar 17, 2023

Rise and shine Traderade family

Today is OpEx and we have $2.9Trillion in options expiring today.

The big news that you may have already seen is that the Big Banks got together and given First Republic Bank $30B as a deposit to maintain liquidity.

As of yesterday, the Fed’s discount window saw borrowing reach an all time high of $153 billion (from $4 billion the previous week). This surpassed even GFC 2008 levels.

There is a misunderstanding surrounding this borrowing, in that this is liquidity being pumped into the system and that it will be inflationary for the US. It is not so and I will put out a longer FAQ today on this for everyone’s benefit.

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