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BofA's Benjamin Bowler: Cost of betting on a stock-market crash is cheapest since 2008. “Since our data began in 2008, it has never cost less to protect against an S&P drawdown in the next 12 months,”

BofA's Benjamin Bowler: Cost of betting on a stock-market crash is cheapest since 2008. “Since our data began in 2008, it has never cost less to protect against an S&P drawdown in the next 12 months,”

Source: https://www.morningstar.com/news/marketwatch/202307251049/cost-of-betting-on-a-stock-market-crash-is-cheapest-since-2008-says-bofa Wut Mean?: The cost of hedging against a stock market downturn using S&P 500 put options is at its lowest since 2008, says Benjamin Bowler of BofA Global Research. * They state this low cost is due to a combination

M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

With the FDIC announcement banks aren't reporting their uninsured deposits correctly, more fuel for the bank run? https://fred.stlouisfed.org/series/M1SL https://www.federalreserve.gov/releases/h6/current/default.htm 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the

SEC Chair Gary Gensler in speech: "Hearing from you, the investing public, truly helps us. You better believe we’re hearing from the large broker-dealers and the large trade associations. It’s good also to hear directly from investors."

https://www.sec.gov/news/speech/gensler-remarks-roundtable-072523 Highlights: * "We have a three-part mission, focused ultimately on making sure that the markets—broker-dealers, the investment advisers, so-called intermediaries in the middle of the market—they serve investors like you and issuers raising money in the markets. It’s not the

SEC Names Natasha Vij Greiner and Keith E. Cassidy Interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave.

Source: https://www.sec.gov/news/press-release/2023-137 The Securities and Exchange Commission today announced that Natasha Vij Greiner and Keith E. Cassidy have been named interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave from the agency. “My

Notice of Filing of Proposed Rule Change to Amend and Restate the Cross-Margining Agreement between FICC and CME. Exhibit 3 (Updated Agreement) [REDACTED].

https://www.sec.gov/rules/sro/ficc/2023/34-97969.pdf * On July 17, 2023, the Fixed Income Clearing Corporation (FICC) proposed a rule change (SR-FICC2023-010) to the Securities and Exchange Commission (SEC). * This proposal involves an Amended and Restated Cross-Margining Agreement between FICC and the Chicago Mercantile Exchange Inc. (CME)

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse'

$78 billion withdrawn from commercial banks last week (7/5-7/12). $869 billion in deposits has been pulled since the all time hit 4/13/22.

Hello Superstonk, I hope everyone's week is off to a great start! I would like to review a few items this morning: 1. Commercial deposit withdrawals 2. Bank Term Funding Program (BTFP) making up for gaps 3. Todays notice from FDIC banks aren't correctly reporting the