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Weekly Commentary | March 12, 2023

Weekly Commentary | March 12, 2023

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Yield Hunting
Mar 12, 2023
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Yield Hunting
Weekly Commentary | March 12, 2023
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Macro Picture

Stocks gave up their remaining gains for the year last week as investors digested more hawkish rhetoric from Fed Chair Jay Powell as well as the failout from the Silicon Valley Bank failure.  

Financials led the decline thanks to severe bank losses, especially smaller, regional banks.  Silicon Valley Bank deposits were taken over by the FDIC…

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