Navigating the Current State of US Banking and Inflation.

Renewed concerns over the European banking sector, following UBS's acquisition of Credit Suisse, are dragging down US futures and most bank shares. Despite Treasury Secretary Janet Yellen's comments that regulators are prepared to take additional actions to ensure Americans' deposits are safe, data published by the Fed shows emergency borrowing under its two backstop facilities totaled another $163.9 billion this week. Bank of America shares have fallen below $27, but the portfolio's inverse ETFs and cash position will continue to do their respective jobs. The market is forecasting multiple cuts to the fed funds rate later this year, despite comments by Fed Chair Powell that the central bank doesn't see that in the cards.