Avatar photoMatthew Krumholz

Dow +380 points Monday as Investors weigh bank risks, Fed will probably stick with a 25bps rate hike this Week

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MARKETS TODAY March 20th, 2023 (Vica Partners) Happy Monday! Last week, even with the Banking failures the major US indices advanced. The S&P 500 up ended +1.4%, while the FANG+ index was +9%, as mega- and large-cap tech stocks continued to benefit from rotations out of financials and energy.  The 2yr treasury yield declined 125bps … Read more

US Equities opened lower then turned positive on reports that large Banks had rescue plan for First Republic

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MARKETS TODAY March 16th, 2023 (Vica Partners) Happy Thursday! Yesterday the S&P 500 ended lower by <1%, as the Nasdaq and NYSE FANG ended the session higher with mega-cap tech stocks outperforming. Energy and Materials sectors got hammered yesterday on bank fears! Overnight, Asian markets finished broadly lower today with shares in Hong Kong leading … Read more

Wall Street sells-off Wednesday on renewed Banking sector worries sparked by Credit Suisse

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MARKETS TODAY March 15th, 2023 (Vica Partners) A good Wednesday to all! Yesterday the US Market moved higher, boosted by Nasdaq >2% and recovery financial sector +1.5% rally. Overnight in Asia, S&P futures were trading higher but turned negative as Europe opened. Renewed banking sector worries i.e. Credit Suisse, sent European Indices down. US Indices … Read more

Major Indices rally Tuesday on financial sector recovery, Investors confident of Government bail out

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MARKETS TODAY March 14th, 2023 (Vica Partners) Happy Tuesday! Yesterday major US indices ended the session mixed with the S&P 500 close to breakeven. The Nasdaq, Fang+ and Tech sector all ended the day higher. The Russell 2000 declined by 1.6%, dropping in-step with the financials. S&P futures were trading higher in premarket on optimism … Read more

Equities recovered from Bank failure news Monday on Fed pivot with a 1 in 3 chance of no hike next week

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MARKETS TODAY March 13, 2023 (Vica Partners) A ‘good Monday to all, Over the past 5 trading sessions major indexes fell 4.5% on SVB Bank failure and including Powell’s Congressional testimony. The 2yr Treasury has also declined nearly 100bps since last Thursday, the largest 3-day drop in over 40 years. Sunday night SBNY became the … Read more

Wall Street sells-off Friday as SVB Financial (SIVB) became the first FDIC-insured financial institution to fail this Year

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MARKETS TODAY March 10 (Vica Partners) Overview   A ‘good Friday to all, Yesterday Founders Fund, tech billionaire Peter Thiel, advised companies to withdraw holdings from SVB Financial (SIVB) due to concerns about financial stability. By early afternoon the news sent major indices lower by >2% and exposing a systemic Financial Sector issue as a … Read more

US Equities selloff Thursday, Powell’s message to the Senate that quicker and higher rate hikes rout Markets

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MARKETS TODAY March 9 (Vica Partners) Overview   Happy Thursday! Chair Powell’s message to Congress this week has been, “the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated”. A late day rally helped eek out small gains … Read more

Nasdaq, Mega Caps and Semi’s close higher Wednesday while short term yields used to hedge Recession rise

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MARKETS TODAY March 8 (Vica Partners) Overview   A good Wednesday to all! Yesterday, Fed Chair Powell hawkish testimony to Congress renewed the markets rate hike concerns and a possible accelerated 50bps move. Indexes retreated as S&P 500 ended the session down 1.5% and reversing last Friday’s gains. The yield curve moved deeper into inversion, … Read more