Good news: The banking crisis has shifted from panic to nagging unease. Overnight deposit runs suddenly seem so early March. Thanks to quick policy action, small banks are leaking vital cash to industry giants and money-market funds in a much more orderly way.
Meanwhile, peak debt-ceiling danger is still a ways off. We have to learn about April tax receipts to know whether lawmakers will risk blowing up investor portfolios for Twitter likes in mid-June, or hold out until late August.
Source: https://www.barrons.com/articles/walmart-and-philip-morris-get-upgrades-can-either-beat-5-money-markets-9ca85631?siteid=yhoof2&yptr=yahoo