Canceling the Noise, Not by Bread Alone: Part XXI
What’s wrong with the banks? How did we reach the point where three banks failed within a few days, and a couple more are on life support? How did we come to the point where close to $250 billion was wiped from the market value of US banks in about ten days, while one...
Weekly Market Update
The BlackSummit Team | March 25, 2023 Global Market News US Equities Rise The S&P 500 was up 1.39% on the week while the Dow Jones closed up 1.18%, with the Nasdaq rising 1.66%. The US 10-year Treasury yield slid to 3.37% while the price of a barrel of West Texas...
Geopolitics & the Day After
March 23, 2023 As discussed in the last few BlackSummit commentaries, the collapse of several banks over the last couple of weeks has rocked financial markets and created a crisis of confidence not only in the US financial system but also in the global financial...
CROSSROADS
At the Intersection of Geopolitics and Geoeconomics March 21, 2023 | Volume 6, Issue 3 | The BlackSummit Team Here is a summary of important events that unfolded over the last month, and which may affect economic, financial, and geopolitical issues in the months...
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...
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...
Silicon Valley Bust
“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...
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...
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...
Canceling the Noise, Not by Bread Alone: Part XX
Since our last commentary in this series, several things have taken place. Let’s recall some of them: Jobs growth (based on January’s number) was much stronger than expected; inflationary pressures exhibited elevated numbers; the economy’s resilience became more...
