What a difference a week makes…
Last week the market technicals were starting to look like the bulls had won out.
But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal.
So how meaningful is the failure of SVB?
What fallout is most likely to come out of it?
Portfolio manager Lance Roberts and Adam Taggart tackle these questions head on in this week’s Market Recap.
Lance and Adam summarize everything we know so far about why the SVB failed and how exposed other banks may be to the same causal factors.
By the way, if recent events have you wondering if you’re positioned correctly for the road ahead… then consider getting first-hand guidance from a panel of 15 of the world’s smartest investors and economists at the Wealthion online conference. You’ll hear strategies for navigating markets in 2023 and beyond as well as the key trends all investors should be prepared for. The Early Bird discount expires soon, reserve your seat here.