This Action Plan Will Help Turn Your Dreams Into Reality

By Teeka Tiwari

I wasn’t born in the United States. I grew up in Britain’s foster care system…

I lived in a cramped, unheated room on top of a garage. At night, I watched my breath coil into a frigid mist. And the future looked as bleak as my tiny room.

Since I was 12, I dreamed of working in the stock market. I shared that dream with my school job counselor. His response? He told me to be more realistic.

“Be a telephone repairman,” he advised me.

But I knew in my heart my future was in the financial markets.

As a teenager trapped in the foster care system, I soon realized no one was going to rescue me… That meant I had to rescue myself.

So when I turned 16, I left for America…

You'll Find Winners and Losers in Every 'Landing'

By Corey McLaughlin

The churn continues...

As Ten Stock Trader editor Greg Diamond put it in his Weekly Market Outlook for his paid subscribers on Monday morning...

Let's not mince words... The price action across the stock market is a mess right now.

He hit the nail on the head. On the surface, there appear to be a lot of mixed signals – and returns – in the stock market right now...

The small-cap Russell 2000 Index – which has a substantial weighting to financial stocks – has been trading near a yearly low. It's roughly flat since the start of 2023, after a 7% drop in the days after the Silicon Valley Bank run.

Amazon's NFT Plans Teased in a Receipt Mailed Friday Afternoon

In an email to CoinDesk's Nikhilesh De, Amazon appeared to confirm that digital tokens, an NFT gallery and resale opportunities are coming to the site.

By Rosie Perper

On Friday afternoon, CoinDesk's managing editor for global policy and regulation, Nikhilesh De, received an email from an official Amazon account appearing to confirm the existence of digital tokens and a gallery on the e-commerce platform.

The email was sent to De as a confirmation after a Amazon Prime Video channel subscription was renewed automatically. De had not purchased a non-fungible token (NFT) from Amazon and did not have any prior knowledge of the platform's integration of NFTs.

Medical, Financial, Political & War Disasters Getting Worse – Dr. Chris Martenson

By Greg Hunter’s USAWatchdog.com

Dr. Chris Martenson holds a PhD in toxicology from Duke University, is a futurist and economic researcher. He is also a Wall Street Journal best-selling author with his new revised book called “Crash Course.” Martenson said in August 2021 on USAWatchdog that the FDA approval of Pfizer’s CV19 vaccine named Comirnaty was “actually a fraud.” He was right. Now, Martenson is warning that medical, financial and war troubles abound and people need to get ready to deal with a reality that no human has ever seen before.

UBS Was Quietly Bailed Out in 2008; Now It’s Getting a $173 Billion Backstop to Buy Credit Suisse at 82 Cents a Share

By Pam Martens and Russ Martens

Yesterday, the Swiss banking giant, UBS, agreed to a shotgun wedding with its collapsing long-time Swiss rival, Credit Suisse. Switzerland has committed $173 billion in loans and guarantees to the combined firm.

A key player in this deal was the central bank of Switzerland, the Swiss National Bank. That’s the very same central bank that had quietly bailed out UBS during the financial crisis of 2008 with the assistance of dollar swap lines from the Federal Reserve (the “Fed”) – the central bank of the U.S.

Yesterday, the Fed announced the return of those emergency dollar swap lines as the shotgun wedding of UBS and Credit Suisse failed to quell a spreading banking panic.

What to Watch After the SVB and Signature Bank Collapses

In today's special edition of Something You Don't Know, you'll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.

An Urgent Update from Our Distressed Investing Director

Editor's Note:

Below, you'll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.

Martin is “the most well-known figure in the high yield world,” according to Investment Dealers’ Digest. Over a 25-year span with brokerage firms including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he became known for his innovative work in credit analysis and investment strategy. Now, he’s the director of Porter & Co.'s new Distressed Investing advisory, where we examine the "greatest legal transfer of wealth in history."

Friends,

In the space of three days, we’ve witnessed the second and third largest bank failures in U.S. history.  Both Silicon Valley Bank and Signature Bank were profitable, with investment grade credit ratings as of last Wednesday. Price drops of 63% and 38% last week show that the collapses were huge surprises to the market.

Banks are a special breed of companies. They can seem to be going along fine and then wham!—depositors lose confidence. The bank is hit with massive withdrawals and suddenly it has a liquidity crisis. This is very different from the long, drawn-out deterioration that typically moves industrial companies and retailers into the distressed category.