Market Update The stock market started off the new year on a positive note following a difficult 2022. After a strong January in the markets, volatility resurfaced in February. Stocks retreated from higher levels with renewed inflation concerns and worries of prolonged interest rate hikes from the Federal Reserve. The S&P 500 ended the first …
FDIC
Silicon Valley Bank Failure
As you know, the recent failure of Silicon Valley Bank and Signature Bank has rattled the markets. Silicon Valley Bank was heavily concentrated on technology start-ups and venture capital firms. Many of the bank’s clients had deposits above the standard $250,000 FDIC insured limit. As venture funding began slowing down last year, these clients needed …
Cash Vs. Money Market
Chasing interest on your cash is a tough thing to do, especially right now with interest rates being so low. Several years ago, before the financial crisis of 2008-2009, I held funds in what were called “demand notes.” Demand notes, a type of money market fund, paid a higher interest rate than a typical savings …