Have you ever wondered why the stock market rises during a period of economic uncertainty? Last year, when interest rates shot up, the S&P 500 SPX fell 18.1% , which may not have surprised many people.
But 2023 hasn’t been a year of good economic news, and we narrowly averted a banking crisis last month. Meanwhile, the S&P 500 is up 8% this year.An update on banks Now that we’re two weeks into first-quarter earnings season, it is becoming more clear how large an outflow of deposits regional banks are facing as savers seek to earn more interest.Nathan Vardi reports on moves by one wealthy banker to take advantage of rising interest rates.
On the other hand: Speculators bet the U.S. dollar is poised for a rebound after longest losing streak in 3 years For savers, the clock is ticking Beth Pinsker has advice for savers: Move quickly to take advantage of a golden opportunity.
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Source: BusinessInsider - 🏆 729. / 51 Read more »