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Banks Going Bust
Monday, March 13, 2023 at 2:56:35 p.m. UTC
Top 3 – Things to Watch this week:
1. US banking system is in turmoil. Some major banks are facing bankruptcy. This is important as setup is similar to 2008.
2. This week the fate of Black Sea corridor will be decided. The market is obsessed with this.
3. China’s president Xi Jinping has secured a historic third term. He is becoming more interested in dealing with Russia than the west.
This week’s Action Item:
With the uncertainty of the Black Sea corridor and US Banks, it’s expected that the market wants to remove risk. This means traders will not want to be in a speculative position until more information is known.
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