A shocking week in the markets
Well, what a week this has been!
I mentioned Silicon Valley Bank (SVB) in my commentary last Friday and later that day, the markets became spooked by the possibility that further banks may suffer the same fate. Another US bank, Signature Bank, also hit the headlines for its difficulties.
There has much rhetoric around how US banks are operated very differently than UK & European banks but weakening this argument has been the difficulties of Credit Suisse this week.
After a surge in the price of equities, the market didn’t need much persuading that it might be wise to bank some profits and short sellers came out of their hiding holes to create further disruption.
I’ll do my best to explain what’s been going on. One thing is for sure, I’m now firmly back in the ’seat’ after my recent holiday!
Want to continue reading?
Our CEO, Gary Neild, writes an engaging Market Commentaries every week. If you would like to receive the full version straight to your inbox every Friday, please join our communications list.
Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.