Paribus. A Glimmer of Hope.
Following on from last week’s drama, this week sees more uncertainty in the banking, tech, and crypto sectors. While the US has been pushing a hardline policy of monetary tightening it now looks like the global financial system and tech sectors are on the brink of breaking which has caught Jerome Powell off guard. A hawkish Fed has been pushing interest rates higher, recently claiming they still had headroom to push harder and for longer than before due to the buoyant labor market. Fast forward a few days and two