Credit Suisse’s HIGH RISK rescue

The banking crisis has finally arrived.

Credit Suisse has finally thrown in the tower. UBS is purchasing the Swiss giant in a desperate attempt to halt the collapse.

It was the Swiss National Bank itself that delivered the blockbuster news.

“UBS today announced the takeover of Credit Suisse,” it said, claiming the transaction would “secure financial stability and protect the Swiss economy.”

Karin Keller-Suttrer, Swiss finance minister, put a good spin on it. “This is a commercial solution and not bailout.” Perhaps, but will it be perceived this way?

UBS chairman Colm Kelleher said that UBS shareholders will benefit from the takeover but “as far as Credit Suisse is concerned, this is an emergency rescue.”

Kelleher called the deal “absolutely essential to the financial structure of Switzerland” and “global finance.”

It’s difficult to avoid the conclusion that this is a desperate attempt to stave off panic before markets open this morning.

The true question is whether the governments of the world are picking winners and losers.

Regional banks are crying out for assistance even as the Great and the Good stretch every resource to secure the most powerful banks.

As we can see with the deal to “save” Credit Suisse, public and quasi-public institutions have to work through private actors to safeguard the world economy…

And the line between the two is growing blurrier all the time.

Keep Moving,

The banking system as we know it is in danger of collapsing —

The stage is set for a meltdown capable of making the $2 TRILLION lost in 2008 look like pennies.

The first stage of financial Armageddon is unfolding in front of us…

And if you don’t want to be one of the millions of Americans crushed in the fallout…

You need to act immediately.

Click this link right now to discover your next steps.

COACH’S CORNER

“Get set for a volatile week in the market.”

“As I write this, the S&P futures (/ES) are up slightly, which could mean a higher open tomorrow on SPX.”

“However, VIX futures (UVXY) are also rising, leading into Wednesday’s FOMC rate-hike announcement. Honestly, there’re so many conflicting signals that it’s best to chuck any directional bias.”

“Just trade what the market gives you.”

“Often when sentiment is so mixed, we end up with very little movement at all. It wouldn’t be surprising to see everything stay flat into Wednesday. Be extremely careful and conservative if you’re trading this week.”

“Most of my trading this week will be on the intra-day time frame. I don’t feel comfortable holding trades overnight in an environment like this.”

“For those of you who are looking at longer-term positions, look at the daily chart of VCLT above:”

“This long-term corporate bond ETF has been rising, and I’m getting some buy signals on my indicators. Consider adding this to your watchlist for a bullish trade up to $82.00.”“I won’t be taking a position here, as I want to go into the FOMC meeting flat. Whatever Powell says will move the market, and I don’t want to get caught on the wrong side of it.”

Cheers,
Chris Hood

WORD ON THE STREET

UBS Buys Credit Suisse, Musk Warns On Banks, ’45 Wants Protests

$3.2 Billion For Struggling Swiss Bank – A frantic weekend of talks has led to a deal that saved Credit Suisse, with UBS buying the bank for 3 billion Swiss francs. The Swiss National Bank is also coughing up a loan of about 100 billion Swiss francs. “We have structured a transaction which will preserve the value left in the business while limiting our downside exposure,” said UBS chairman Colm Kelleher.
“This Is A Serious Risk” – Elon Musk is the new Donald Trump, occasionally tossing bombshells by commenting on Twitter. In response to a Zerohedge article claiming that the Fed could cause a new “great depression” if it doesn’t contain the regional bank collapse, Elon Musk said, “This is a serious risk.

Regional banks including First Republic Bank and PacWest Bancorp are reportedly seeking deals to avoid a fiscal crisis

Midsize Banks Want FDIC Backing – The Mid-Size Bank Coalition of America has called for help from the government in order to weather the current chaos in the market. The coalition wants the FDIC to back all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” it said.
“PROTEST, PROTEST, PROTEST!!!” – Former president and current GOP frontrunner Donald Trump is staring down the barrel of a potential arrest this week, but ’45 isn’t taking it lying down. President Trump has called for his supporters to protest the decision. “THEY’RE KILLING OUR NATION AS WE SIT BACK & WATCH,” he posted on Truth Social.

HOT SPOTS: What’s Going on in Geopolitics

Foreign Investors Will Take The L On Credit Suisse Deal – The Saudi National Bank, the Qatar Investment Authority, and Norges Bank Investment Management of Norway are all looking at heavy paper losses because of the UBS takeover of Credit Suisse. The Saudi National Bank arguably started the panic when it said it wouldn’t increase its ownership stake because of regulatory issues.
Former Taiwanese President To Visit China – Ma Ying-jeou, a former president of Taiwan, will visit the People’s Republic of China this month. It will be a historic occasion – the first time a former Taiwanese leader has visited China since the end of the civil war in 1949. China remains committed to “peaceful re-unification,” something it re-emphasized at the latest National People’s Congress.
Putin Visits Mariupol – President Vladimir Putin won a propaganda coup when he visited the captured Ukrainian city of Mariupol, perhaps the biggest prize Russia has secured in its more than yearlong “Special Military Operation.” The Kremlin says the visit was “spontaneous” and the nighttime visit saw Putin driving around the city and talking to citizens. Mariupol been the site of a few scattered acts of violence by resistance fighters since the Russian conquest.

CUTTING EDGE: What‘s Happening In Tech

YouTube Reinstates Trump – As President Trump confronts his possible arrest, he will have one more platform to speak to his supporters. “Staring today, the Donald J. Trump channel is no longer restricted and can upload new content,” YouTube tweeted. President Trump had been banned since January 6, 2021.
Microsoft Windows Adding ChatGPT – Copilot is a new feature that is being added to Microsoft 365. The addition of AI to Word, Excel, Powerpoint, and Outlook will “fundamentally change the way we work,” according to CEO Satya Nadella.
TRON Ride Accidently Advertises Crypto – Disney World will soon have a new attraction with the Tron Lightcycle/Run ride based on the 1982 movie. During a media event, actress Cindy Morgan wore a Tron shirt – but it was actually advertising the TRON cryptocurrency, not the movie. Oops.

Not what Disney should be advertising

“A long series of winners can be just as detrimental to your trading as a string of losses.”

“Traders on a hot streak often suffer from ‘winner’s euphoria.’”

It’s not about winning once. In fact, scoring one triple-digit gain can be a disaster if it leads to complacency and laziness.

Learn how to win consistently – day after day, trade after trade. Your Options Coach Chris Hood will show you how.

PLAYING THE LONG GAME

P.S. Some powerful research indicates that a Second Silicon Valley Bust is underway.

It’s time to take a look beyond the headlines – find out what’s really happening with the Silicon Shakeout by clicking here.

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Credit Suisse’s HIGH RISK rescue

WORD ON THE STREET

UBS Buys Credit Suisse, Musk Warns On Banks, ’45 Wants Protests

HOT SPOTS: What’s Going on in Geopolitics

CUTTING EDGE: What‘s Happening In Tech

Microsoft Windows Adding ChatGPT – Copilot is a new feature that is being added to Microsoft 365. The addition of AI to Word, Excel, Powerpoint, and Outlook will “fundamentally change the way we work,” according to CEO Satya Nadella.

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