RBA Sounds Hawkish and Deutsche Bank Abandons Its Recession Call

Deutsche Bank has followed in Bank of America's footsteps and thrown in the towel on the recession call

Highlights

• Powell openly expects more regional banks to fail (traders took notice)

• The largest mall owner in the U.S. tells us that sales are down

• Inflation does not need to get to 2.0% for rates to fall

• Commodities and Treasuries are not on the same page