too big to fail: swiss edition
the fed has quietly halted bottom line reductions of the balance sheet, markets should rally leading into the holiday season and then tank once again. CS is heavily exposed to growth and tech sector. I expect that sector to relief pump and help repair their failing balance sheet in the short term. Gets a bit shakier depending on if there is sufficient time and liquidity for them to reposition before an anticipated downturn in Q1 2023 or so.
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