Matthew Krumholz 
MARKETS TODAY March 24th, 2023 (Vica Partners) Good Afternoon, Yesterday, US equities bounced-back on a late day rally with S&P 500 ending the session up 0.30%. Tech/ Fang+ lead advancers driven by the mega caps. 7 of 11 of the S&P 500 sectors were lower with Energy and Financials as the biggest decliners. Yields dropped across … Read more
MARKETS TODAY March 23rd, 2023 (Vica Partners) Good Afternoon, Yesterday, the US equity markets sold off sharply late in the trading session, during following Fed Chair Powell’s press conference (as he did not discuss ’23 rate cuts?). Following his speech, Treasury Secretary Yellen’s press release that the administration was not considering expanding the FDIC’s insurance … Read more
MARKETS TODAY March 22nd, 2023 (Vica Partners) A good Wednesday afternoon! Yesterday, US equities closed higher for a second consecutive day with the S&P 500 up 2.2% for the week and recovering from the level it was trading prior to SVB bank failure. Tech/ mega-cap rallied with NYSE FANG+ up 2.30% and re-testing February highs. Strength … Read more
MARKETS TODAY March 21st, 2023 (Vica Partners) A good Tuesday afternoon, Yesterday, US equities closed higher with S&P500 ending at 3952, above 200d (3936). All 11 of the S&P 500 sectors were higher. Materials and Energy outperformed, while mega cap-tech underperformed. Yields moved higher as the USD Dollar Index lower. Oil rose >1, Gold flat and … Read more
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
MARKETS TODAY March 17th, 2023 (Vica Partners) Happy Irish Friday! Yesterday the S&P 500 rallied 100pts off the intraday lows to close higher by +1.75% following the 11 big Banks $30B First Republic deposit infusion. Nasdaq and NYSE FANG outperformed Indices with investors seeking protection in mega cap stocks. Overnight Asian markets finished higher with … Read more
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
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
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
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