Time to Buy the Banks? And What’s The Fed’s Next Move 3/20/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 20 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Swiss government engineered a rescue of Credit Suisse over the weekend and U.S. banks are buying up the assets of their failed compatriots. So with all these backstops in place, should you be putting your faith in financials? Plus Goldman Sachs the first big bank to call for the Fed to pause in its rate hike cycle. How will all the turmoil in the financial sector impact the central bank’s decision? Fast Money Disclaimer

Transcript

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0:00.0	right now in fast brews and
0:02.0	batter shares of first
0:03.0	republic getting pounded
0:05.0	again while a number of
0:06.0	regionals in the big bang
0:08.0	seem to be showing signs
0:09.0	of life. So it's now the
0:10.0	time to step in and buy
0:11.0	names in the sector will
0:12.0	debate that plus Amazon
0:13.0	slashing its work or CEO
0:14.0	Andy Jassy announcing
0:15.0	9,000 additional
0:16.0	job cuts today. This
0:17.0	of course on top of the
0:18.0	18,000 the e-commerce
0:19.0	giant laid off back in
0:20.0	November should all the
0:22.0	tech world brace for more
0:23.0	bell tightening.
0:24.0	And later, footlockers
0:25.0	fade despite bullish
	...

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