LC Investment Playbook Weekly Update - 17 March 2023

Note on Recent Developments

• In light of the recent developments with SVB and Credit Suisse,

  please see here for a note with our thoughts.

Charts of the Week

• Investors Are Expecting Fed to Cut Rates

• Bond Volatility Surges

• US CPI: Still Sticky

• Commodities: Gloomy Picture

• Fed Historically Cut Before Each Market Bottom

LC Views

• A summary of our team's views on Rates, Fixed Income, Equities, Currencies, Commodities and Real Estate

• Our team's technical analysis on the relationship between the S&P's movements and the Fed rate cutting cycle