“CPI above consensus for five straight months and rates market priced out five cuts year-to-date. We believe squeeze risks for rate-sensitive laggards on a CPI miss outweigh downside risks on a CPI beat.”

 “//cappthesis.com (**Bullish** on bank ETFs KRE and KBE):”

 “Now that we understand what’s behind both ETFs, let’s talk about the charts. The bottom line is that both KRE and KBE have been forming bullish patterns, and we could see breakout attempts soon... Both KBE and KRE have been consolidating their rising 200-day moving averages.”

 “Anything that’s levered like commercial real estate, it’s a different world... Almost all the loans made in 2021 and 2020 should be re-examined. I expect more commercial real estate losses in every category, the question is whether it is going to be cataclysmic or is it going to be manageable.”

 “Investors are finally waking up to the fact that rates are not going back to anywhere close to zero and the office sector has changed forever.”

 “Concerns about emerging distress in multifamily housing is one reason his firm has grown ‘more bearish’ on Blackstone Mortgage Trust since disclosing its short position in the lender in December, adding it could also have a knock-on effect for smaller lenders.”