Market Recap – March 10th 💰

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Market Recap – March 10th

Stock market futures rose on Sunday evening following an announcement by regulators that they would provide support for depositors of failed Silicon Valley Bank and additional funding for other banks. The markets themselves experienced a losing week after the collapse of SVB caused a bank run, leading to a dip in the Dow, S&P 500, and Nasdaq Composite. Investors also monitor upcoming economic reports, including the consumer price index, retail sales, and producer price index. The outcome of these reports will likely influence the market reaction to fears of economic contagion from the SVB collapse.

Looking at specific investments, we’re watching Advanced Micro Devices and Equinor. BlackRock suggests a “barbell approach” to portfolio adjustment, allowing for a mix of value-focused and high-growth stocks, such as semiconductor manufacturer Advanced Micro Devices (AMD), which is expected to experience a 27% jump in annual earnings over the next three to five years, despite its recent drop in share price. Equinor is expected to benefit as oil companies increase production due to the short supply of oil and the war in Ukraine.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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