Quarterly Report 2023 Q1 - Banking Turmoil Adds to Risks
Banks Have Heavily Borrowed from the Fed To Increase Liquidity
On Wednesday, March 8
Banks Have Heavily Borrowed from the Fed To Increase Liquidity
Credit Metrics Remain Strong
On the same Friday that regulators took over SIVB branches
Bank Funding Shifts from Deposits to Borrowing
Loan growth began to slow
US Banks Are Tightening Lending Standards
Recession More Likely than Not
High Leverage Lurks in Private Equity
High Private Equity & Venture Capital Deal Volume Drive Risk
Average Public Company Leverage Is Well-Below Typical Private Equity Levels
US Labor Market Remains Strong
US Labor Market Remains Strong
The Fed is determined, however, to force inflation down
Housing Inflation Should Begin To Ease
The energy and food components
Stock Allocations Tend To Chase Past Performance
It’s easy for investors to become obsessed
Sources of Stock Returns Vary
At Miller/Howard
Sources of Stock Returns Vary
Disclosure