Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, March 27, 2023 — Check out our new design!
The Fed hiked rates again but expectations have shifted. This is despite the Fed’s call for rates to remain at their current level until inflation can approach its target. nvestors speculated that this could be the last hike of the cycle. Meanwhile, Powell said additional “firming” of policy could be warranted. Equities rose during a volatile week. Mixed messaging on the banking sector from Powell and Treasury Secretary Janet Yellen resulted in midweek volatility.
Weekly Market Update, March 20, 2023
Equities were mixed and markets with exposure to last week’s bank failures were among the hardest hit. The Russell 2000 and MSCI EAFE indices declined more than 2.5 percent as the two contained the banks First Republic and Credit Suisse, which struggled amid capital fleeting from their banks via deposits. U.S. Treasury yields fell sharply as investors flocked to fixed income amid the equity volatility.
Weekly Market Update, March 13, 2023
Equities sold off last week amid large swings in Federal Reserve (Fed) policy expectations and added volatility from the closure of Silvergate Capital (SI) and Silicon Valley Bank (SIVB). Silvergate was a popular bank for housing assets of many crypto exchanges but faltered as its fixed income assets lost value following the rapid increase in Fed hikes. Silicon Valley Bank was a bank of choice for many venture capital firms and individuals. U.S. Treasury yields fell sharply as investors flocked to fixed income amid the equity volatility.
Weekly Market Update, March 6, 2023
This month marks one year since the Federal Open Market Committee (FOMC) began its unprecedented rate hiking journey and, although the grip has loosened, inflation still has its talons in the U.S. economy. The Nasdaq Composite led the way for global gains last week. U.S. Treasury yields continued their march higher after a sharp rise at the start of February following the first Federal
meeting of the year, and a January jobs report that came in above expectations.