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Model Y
Tesla has slashed the price of its Model Y and Model 3 vehicles this year in a bid to boost demand.
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Welcome back, readers. I'm Phil Rosen, writing to you from New York. 

Now that it's April, we can say a spate of banks collapsed last month, but the repercussions of the crisis continue to unfold as if it all happened yesterday. 

The chatter now centers around a looming credit crunch —  but the troubling part is that red flags were flying well before we heard a peep from Silicon Valley Bank.

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nasdaq
The Nasdaq Composite jumped 17% over the past quarter as investors scaled back their bets on interest-rate hikes.
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SVB
The ongoing banking crisis could trigger a credit crunch and an economic crash, Allianz has warned.
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new york stock trader exchange
  • JPMorgan Asset Management CIO says markets  are headed for a "feel good period" before an economic slowdown.

Tech Insider

Nothing's more fitting on a Friday than a dose of market optimism. Phil Rosen here. 

Yes, it's true — the Nasdaq 100 officially closed 20% above its December low this week, which means we are technically now in a bull market.

No time to dawdle today — let's jump in.