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Podcast: Money Life with Chuck Jaffe
Episode: MFS' Weisman: So far, the market has 'overreacted' to banking troubles
Description: Erik Weisman, chief economist at MFS Investments, says that the market has overreacted to the collapse of Silicon Valley Bank, pricing in the start of Federal Reserve rate cuts -- rather than the hikes it had been expecting -- as if the problems with the troubled bank was systemic and likely to take down a lot of institutions. While acknowledging that the situation muddies the outlook, Weisman says that he doesn't think history will remember the bank's collapse as the thing 'that precipitated the end of this expansion, the end of this tightening cycle and the next crisis...