It has been a pretty bumpy few weeks on the Street. Three US banks failed in March: Silvergate Capital, Silicon Valley Bank and Signature Bank. The contagion spread to other smaller regional banks in the U.S. For example First Republic Bank (FRC) shares are down 81%...
The huge spike in interest rates in the last 12 months just claimed its latest victim. On Friday, Silicon Valley Bank (NASDAQ: SVIB), the 16th largest bank in the country and a top lender to Silicon Valley, was shut down by federal regulators after a big wave of...
After a strong start to the year in January stocks were a bit weak in February. For the month the S&P 500 (SPY) fell 2.6% and the tech-heavy NASDAQ (QQQ) fell 1.1%. That weakness wasn’t driven by a major shift in sentiment – it was driven by the same...
2022 was a challenging year for stocks. The S&P 500 (SPY) fell 20% and the tech heavy NASDAQ (QQQ) fell 34%, its worst year since the financial crisis in 2008. While its disappointing for stocks to have a down year, here’s some good news. Investors who sold...
After a challenging year in 2022, US stocks are off to a good start in 2023. The S&P 500 (SPY) gained 6.2% in January, its best January in four years. The tech-heavy NASDAQ 100 (QQQ) led the way, gaining 10.7% in January, its best monthly performance since July....
