Tag: SIVB

(19 March 2023) Stocks rebounded last week after the Fed intervened in the SVB banking crisis amid growing recession fears and sharply falling bond yields.  The S&P 500 rose by more than 1% to 3916 while the rate-sensitive Nasdaq-100 surged almost 6% as investors went in search of safer havens.  This bullish outcome was not wholly unexpected as I noted the contradictory mix of influences pointed towards a possible choppy week which had the potential to frustrate bears eager for more downside. The narrative now seems to have well and...