the price we are paying for decades of easy money. easy money. that means zero percent interest rates. these banks are taking that money all those deposits and putting it in long data treasuries and now it happens. interest rates goes up. they are worth less. people withdraw it s a perfect a perfect storm. we are seeing today weakness in the futures market and in regional bank stocks a little bit again and it s coming from europe. you have bank stocks in europe that are down sharply today. some have been halted. credit suisse is trying to raise money because it had material weaknesses it told shareholders this week. so now the european banks that are kind of causing the problem in global markets today. so at least we don t have to can you when it comes to inflation and the retail sales numbers, this is good. i am saying, is that good, christine? the retail sales number is good. you like what you see? i like the retail sales
Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina, said given the oversold conditions of stocks, it did not take much to create a bounce.
Behind the slides have been concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible US recession.