From Viet Hustler last week:
Deflationary effect: The path from banking crisis to deflation risk
Podcast#1: Banking crisis, inflation and confidence in Central Bankers - Linh Ha
US stock market rises slightly again in the morning of Monday with the banking sector rising strongly again after investor confidence improved thanks to promises of support from the US government. Accordingly, FED is aiming to expand the emergency lending facility for banks. In addition, First Citizens Bank has agreed to acquire Silicon Valley Bank at a negative price of 16 billion dollars, while FDIC will cover 50% of commercial loans if losses exceed $5 billion. Note that this means First Citizens Bank actually profits, drawing heavy criticism toward FDIC over whether the US government is giving too much favoritism to this bank with the above deal.
SPX pushed back near gamma flip level 4000 in the morning with 0DTE options trading volume from last Friday recorded as the highest in market history:
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