It’s the end of the Q1 already! Markets raced upwards to end the quarter strong, especially for the tech-heavy Nasdaq. Family portfolio performed largely in line with S&P 500, but lagged Nasdaq 100 significantly.
The highlight of last month has to be the banking crisis triggered by the collapse of Silicon Valley Bank on 9th March, followed closely by Signature Bank. Subsequently, First Republic Bank and Credit Suisse across the pond. both also became a going concern in quick succession. Credit Suisse in particular was a bigger global concern, since it is considered one of the 30 global banks that are too-big-to-fail.
I covered briefly about the banking crisis and possible investment ideas in my previous post: Where To Invest Amidst The Banking Crisis.
However, the markets always surprise us as usual and decided to rally in the midst of all these concerns. Adding fuel to the rally were slower-than-expected inflation and consequently the Fed...