Market Review and Trends
[Post 637] Market Summary and Ark Daily Trades Summary for 16/03/2023
By Sonicericsg  •  March 22, 2023
Market summary for today S&P 500 (SPY) +1.75%NASDAQ (QQQ) +2.63%Dow (DIA) +1.16%Russell 2K (IWM) +1.36% Top news for today Chick-fil-A Has Some Of The Lowest Franchise Fees, Highest Sales In Fast Food: What's The Catch? It's pretty obvious that business is booming at Chick-fil-A with the lines wrapped around the building 24/6, but did you know the family-owned restaurant chain has one of the lowest franchise fees in the fast-food industry? (12:35pm ET) Regulator Knew Days Before SVB Collapse That $620 Billion In Losses Lurked In Financial System FDIC chairman Martin Gruenberg recently outlined the risk of banks holding unrealized losses before Silicon Valley Bank collapsed. At the Institution of International Bankers on March 6, Gruenberg stated that there were more than $600 billion in unrealized losses held by banks at the year-end of 2022. (12:34pm ET)...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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