by The BlackSummit Team | Mar 18, 2023 | Weekly Market Update
Global Market News Global equities mixed Global equities were mixed this week as banking headlines continued to bring volatility. The S&P 500 was up 1.42% on the week while the Dow Jones closed Friday only a few points lower from last Friday, 0.15%. On the other...
by The BlackSummit Team | Mar 17, 2023 | Geopolitics & the Day After
Financial markets have been rattled by the collapse of Silicon Valley Bank and Signature Bank this week, forcing public and private financial institutions to step in to prevent the spread of contagion. Meanwhile, inflation remains elevated, making the decision to...
by The BlackSummit Team | Mar 14, 2023 | Commentaries
“On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems.” 15 years later to the day, the FDIC would put Silicon Valley Bank in receivership, marking the second largest bank failure in U.S. history and sending financial markets to reexamine...
by The BlackSummit Team | Mar 11, 2023 | Weekly Market Update
Global Market News Global equities fall Global equities were down on the week amid hawkish comments from the Fed and turmoil in the financials sector. The S&P 500 and Dow Jones were down 4.54% and 4.43% on the week, respectively, while the Nasdaq fell 4.71%. The...
by The BlackSummit Team | Mar 9, 2023 | Geopolitics & the Day After
While stock markets started the year off well, equities have slumped as fears of entrenched inflation and the risk of a US default mount. As we have witnessed this week, every time the Fed opens its mouth, market volatility rises, and the political debate over the US...