Recession More Likely After Bank Collapse

Equity markets have taken the recent bond market repricing in stride, says Huw Roberts. He discusses the stock sell-off reversing Tuesday's gains. He notes that the recession has become more likely given the new banking landscape. He talks about how increased insurance contributions, competition for deposits, stricter lending standards all point to marginal tightening in credit conditions. He mentions what recent market weakness means for the Fed. He then goes over potential defensive equity plays for uncertain times. Tune in to find out more about the stock market today.