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 …
Federal Reserve
4th Quarter 2021 SWMG Newsletter
This past year served as a continuation of the bull market, which began in mid-2020. Stimulus packages from Congress and efforts by the Federal Reserve to provide liquidity boosted the markets. Once COVID vaccines became available, the economy experienced a surge in growth, a strong job market, increased wages, and pent-up demand for everything from …