Market Review and Trends
Fear is palpable! Market crashing again? Reminders.
By A Singaporean Stockmarket Investor (ASSI)  •  March 18, 2023
The week started with the shutting down of Silicon Valley Bank and Signature Bank by U.S. regulators. The U.S. regulators announced measures which ultimately bailed out the banks. Then, we saw Credit Suisse reporting "material weaknesses" and the Swiss National Bank stepping in to backstop the troubled bank. Credit Suisse took a 50 billion Swiss Francs loan from the Swiss National Bank to strengthen liquidity. Then, a consortium of 11 largest U.S. banks rescued First Republic Bank, the 13th largest bank in the U.S.A., by jointly depositing US$30 billion in the troubled bank. After all that happened, Mr. Market ended the week with a dramatic down day in the U.S. stock market on Friday. The Fed increased interest rate a year ago in March 2022 for the first time since 2018. Since then, the rapid rate at which interest rates have been increased has caused a lot of pain for homeowners as well as investors in the real estate space....
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By A Singaporean Stockmarket Investor (ASSI)
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