First Republic Rescue Effort Hopes Buoy Markets, For Now

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First Republic Rescue Effort Hopes Buoy Markets, For Now

Stock futures are rallying led by First Republic Bank’s stock while bonds sell off on renewed speculation the Fed will raise rates tomorrow…

Mar 21, 2023

∙ Paid

Good morning contrarians! It is Tuesday, March 21.

Stocks ended up rallying yesterday, presumably due to optimism over the Credit Suisse (CS 0.00%↑) takeover. Trading in First Republic Bank (FRC 0.00%↑) was halted sever…

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