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To: Sam who wrote (27732)	3/12/2023 6:24:59 PM
From: Sam	Respond to of 29600

FWIW, Ed Hyman agrees with me. From CNBC, live updates at this link: cnbc.com 18 MIN AGO SVB failure could mean Fed ends tightening cycle sooner, Ed Yardeni says Wall Street veteran Ed Yardeni said in a note that the Silicon Valley Bank’s failure could lead the Federal Reserve to wrap up its rate hiking campaign sooner than expected. “If the Silicon Valley Bank run is that something, it could mean tightening ends sooner and bond yields have peaked,” wrote the president of Yardeni Research. “We can’t say for sure that’s the case but can say the debacle should keep the tech sector mired in its rolling recession for longer.” “While the SVB crisis doesn’t change our economic and stock market outlooks for now, it adds uncertainty until resolved in a way that minimizes systemic shock,” he added. Ed Hyman of Evercore ISI echoed Yardeni’s remarks, noting that it “might be a good idea for the Fed to pause.” “If the Fed were to pause and inflation were to accelerate, they could easily tighten again,” Hyman said. — Fred Imbert