March 2023 Update: Thoughts on Recent Bank Failures and Stock Market Implications
I hope the first weeks of March have treated you well and you enjoy watching the NCAA College Basketball’s March Madness over the coming weeks.
Regarding madness, the last week has been turbulent for banks and the financial markets. One big topic has been the failures of Silicon Valley Bank and Signature Bank. What do these failures mean for bank depositors and investors? Below we provide links to some articles that provide perspective.
After two historic bank failures what comes next - from The Associated Press
Is My Money Safe? What you need to know about bank failures - from The Associated Press
We provide our analysis as well here where we break down what this may mean for your bank deposit(s), what this means for the banking industry, and how this may impact the stock market.
Note, the articles have been uploaded to your eMoney/articles folder as well so you can reference them later.
As always please let us know if you have questions or comments. If you would like to catch up sometime just let us know when you are available or click my scheduling link below.
William E. Hawes, CFA, CFP®
President and Chief Investment Officer
Candor Asset Advisors
Investment advisory and financial planning services offered through Candor Asset Advisors, LLC, a registered investment adviser. Consult your attorney, CPA, real estate or insurance professional for advice in those areas. Links to third-party articles are for informational/marketing purposes only.