Assessing Contagion Risk Following UBS-Credit Suisse Tie-Up | LPL Market Signals
LPL Research reacts to the news that UBS would acquire Credit Suisse, gauges the risk of contagion, and previews this week’s Fed policy meeting.
00:00 - Intro
00:13 - UBS & Credit Suisse
05:09 - S&P 500 Resilient but in Technical No-Man's Land
06:09 - Global Equity Markets - as of March 17, 2023
09:09 - Fixed Income & Commodities Markets - as of March 17, 2023
12:11 - Watching December Lows on S&P 500 Closely
13:52 - Gauging Contagion Risk
14:10 - European Bank Credit Default Swaps Not Yet Signaling Contagion
17:31 - Stock Volatility Index Response Has Been Subdued so Far
18:41 - Velocity of Selling Spiked Pre-Silicon Valley Bank Failure, Now Back to Normal Levels
20:26 - Fixed Income Volatility Highest Since December 2008
23:14 - Fed Rate Hike Expectations Have Come Way Down
28:20 - Week Ahead: One Eye on Banks, One on the Fed
29:39 - Closing
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