Stuck in fat and flat, but...

Still "fat & flat"

"History suggests the S&P 500 is in a broad trading range until the recession is more clearly an exigent risk (perhaps late-3Q23E)%"

Source: Stifel

Got tech?

Source: GS (data per Dec 31, 22)

Mutual fund pain

Source: Refinitiv

The cross

Source: Jefferies

The curious case of the equity resilience

Source: Macrobond

Never forget the big MOVEr

Source: Refinitiv

Buyback warning

Source: Goldman

The explosion in emergency borrowing

Source: BofA

What a difference a few weeks make

Source: Bloomberg/Nomura

Disintermediation

Source: TS Lombard