Remember to sell like a loser when it dips just like me 🤡 (just joking). Just remember to lock in profits ok!Even though I only earn a little, it is better than losing money. A profit is a profit after all ✌🏻
Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month "really threads the needle and "assuages concerns about the potential long-term impact on the markets" asthe SLR "ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.
Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next
As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on