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Breakfast Bites - Tue Mar 28, 2023

Rise and shine everyone

No major news this morning. Blackrock says that Fed will not cut rates despite traders betting a banking turmoil will force the Fed’s hand. DoubleLine's Gundlach on the other hand, predicts US will be in recession in a few months, prompting "very dramatic" response by Fed

US Futures are flat. Gold recovers slightly to $1957 while USD remains subdued at $102.5. WTI Crude is up to $73 and Bitcoin remains down, post the news on legal action against Binance’s yesterday.

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