Steve Cortes

@CortesSteve ↗

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Last Checked March 25, 2023

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Sat Mar 11 12:46:19 +0000 2023

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Steve Cortes @CortesSteve

Good morning! Today in 1892, the first public basketball ever was played in Springfield, Mass at the YMCA under the direction of James Naismith. 200 spectators showed up. The local paper called it a “Basket Football Game.” The original March Madness… https://t.co/QS93ldW8lG — PolitiTweet.org

Posted March 11, 2023

Preceded By

Steve Cortes @CortesSteve

My update from last October warning about Regional Banks and the Inverted Yield Curve. How much worse have things gotten since then? Well, KRE down to 50 and 2/10s Curve inverted to -90 bps. Ignore legacy media and pay attention to people who understand these issues! — PolitiTweet.org

Homebuilders smashed almost -5% yesterday, more than -2% today. Regional Banks crushed -3.8%. Yield Curve persisten… https://t.co/DmmtrFzrhn

Posted March 11, 2023

Followed By

Steve Cortes @CortesSteve

The Bond Market got clobbered in 2022, the worst year ever for Treasuries due to Biden's Inflation nightmare. Now, Banks have to mark those losses, with historic hits to portfolio assets that were considered safe. See this chart and buckle up... https://t.co/FrRn9DH8nA — PolitiTweet.org

Posted March 11, 2023