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...
by The BlackSummit Team | Mar 4, 2023 | Weekly Market Update
Global Market News Global equities rebound Global equities were up on the week in an attempt to rebound from last week’s slump. The S&P 500 and Dow Jones were up 1.90% and 1.75% respectively, while the Nasdaq gained 2.58%. After reaching above 4% midweek,...
by The BlackSummit Team | Mar 2, 2023 | Geopolitics & the Day After
As David Miliband presents in his New York Times article reviewed below, we have entered the Age of Impunity – an era where autocrats exercise power without accountability. Whether it be through war, human rights abuse, unaccountable governance, economic...