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Mar 27, 2023 6 tweets 3 min read Read on X
🧵Smartkarma #macro #threadoftheday

Bank Watch – Deutsche, Deustche Alles Ist Vorbei
— Andreas Steno @AndreasSteno

1/
Why is Deutsche Bank suddenly selling off violently again without a trigger?

2/
Could the FIMA-repo usage be a hint that a European entity needs USDs?

3/
We look at alternative explanations of the contagion in European banking stocks

4/
In Conclusion:

"Deustche Bank is selling off rapidly without an evident trigger event. What is going on? Is the crisis spreading to Europe and will it turn into a credit crisis? We look at the situation here." — Andreas Steno

5/
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Aug 15, 2023
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🟢 Malaysian Banks Screener 🔴

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Jun 12, 2023
🧵Smartkarma #macro #threadoftheday

How the Treasury Refresh May Not Be Catastrophic
— Cam Hui @HumbleStudent

1/ Image
The U.S. Treasury market is expected to see a flood of new issuance which would draw liquidity from the financial system and create headwinds for the price of risk assets.

2/ Image
Tthere may be a narrow benign liquidity path for the Treasury account reset if the assets parked at the Fed’s reverse repo facility shift into Treasury paper.

3/ Image
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Jun 12, 2023
🧵Smartkarma #bottomup #threadoftheday

Taiwan Dual-Listings: TSMC Spread Opens Again for Opportunity; Others Have Swung Substantially
— Vincent Fernando, CFA

--
$TSM.US

1/ Image
TSMC is back to an 11.8% ADR premium after dropping to 8%... potentially another good Long/Short point.

2/ Image
UMC has flipped to a -0.6% ADR discount, from a 5.6% Premium. If the discount ticks slightly more negative then a good setup level will open up.

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LATAM BANK BREAKDOWN

The US banking crisis and the Credit Suisse rescue have put bank stocks in the spotlight, for all the wrong reasons.

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