⚠️BREAKING: *U.S. STOCK FUTURES POINT TO HIGHER OPEN AS BANKING CRISIS FEARS ABATE; DOW FUTURES UP +200 POINTS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
"Markets are calmer as the tension of the banking situation is lessening. The fact that yields are a bit lower this morning is likely to induce stock markets to move higher," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.The banking turmoil, which started earlier in March with the collapse of Silicon Valley Bank, has led markets to reprice expectations of future monetary tightening by the Federal Reserve.
"We'll see the Fed ending its campaign at the May meeting and the reason for that is because recession is not far away," Cardillo said.
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