From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
If Meghan Trainor were a financier, she may consider reprising her 2014 hit song as “all about those banks!” Yet all three of the major US stock market indices shrugged off the woes of Silicon Valley Bank, First Republic, Signature and Credit Suisse to post gains this week (i.e., DJIA: +1.18%, S&P 500: +1.39%, Nasdaq: +1.66%). Last Wednesday, the Federal Reserve announced a 0.25% increase in the Fed Funds rate continuing its quest to slow the economy in the face of persistent inflation and shrinking corporate earnings. For the second week in a row, big tech remains the haven for the flow of funds. Most stock market analysts focused on the banking system’s liquidity crisis worldwide. You might find the Capital Group’s, Northern Trust’s, and Parnassus’ writings of particular interest.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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