The Tell: Goldman Sachs says it expects to see further deposit losses at banks

One of Wall Street’s most prominent names weighed in on Wednesday with its latest take on the aftermath of March’s turmoil in the banking system, saying it expects to see ongoing deposit losses.The pace of losses should slow significantly from what was seen over the past month, however, and the continuing erosion in deposits can be alleviated via “market mechanisms,” according to strategists Praveen Korapaty and Vickie Chang at Goldman Sachs. Data released by the Federal Reserve offers a partial picture of the outflows that occurred from March 8 to March 15 — small banks lost $184 billion and foreign bank offices lost…

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Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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