Midday Equity Roundup: Relief Rally Extends

Stocks making strong gains, SPX eminis turning session highs (ESH2 around 4376.0), relief rally partially based on Fed keeping cool, getting heads back into more prosaic risk metrics like monetary policy and away from geopolitical headlines on Russia/Ukraine where evaluating/weighing knock-on effects/cost of war, sanctions, assistance etc are harder to price in (though ceasefire talk always a positive)

• No single headline for stocks though financials are seeing nice bounce after yesterday's drubbing, bank financial sector +3.06%.
• Individual share leaders: Signature Bank (SBNY) surging 34%, Silicon Valley Bank (SIVB) up nearly 20%.
• Safe to get back in the water? Or just a window of opportunity? Possibly the latter as high-grade corporate debt issuance surges with a dozen names on the docket, see 1108ET bullet for details, after $14.4B priced late Tuesday -- the first since last week Wednesday as market uncertainty kept issuers sidelined.