Unfortunately, this week did not shown us the direction of market. It seems that traders are very careful now. Generally speaking, there is not much appetite for risk now in all markets.
Brian's video summarizing the week (here) - quite pessimistic.
Another US bank gone (here).
Sources:
[http://www.marketwatch.com/news/story/Regulators-close-three-more-banks/story.aspx?guid={882CF913-54E4-4C79-AABC-C5B1F4FD9745}]
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