The Fed staff now considering a “mild recession” starting later this year “given their assessment of the potential economic effects of the recent banking-sector developments.” Fed officials said they saw risks to economic activity as weighted to the **downside**

Stonk Pareto effect: the top 29% of market cap has delivered 92% of growth YTD. The rest has only returned 0.5%.

1- Why?
2- Is this sustainable?

Experts said the banking crisis is over

$FRB:
Shares down 50% in one day after they revealed a loss of $100B in deposits in Q1. Shares down 90% YTD.

Banks panic and deposit loss will keep going as long as the Fed keeps the rates high