Events over the past few days have some investors nervous. But, of course, bank runs tend to do that. They are, after all, built on fear of fear itself. So, news of the rapid demise of Silicon Valley Bank (SVB) and Signature Bank has rattled markets. To help you understand the situation, Below is a link to a well written summary provided by Advisor Group’s Chief Market Strategist, Philip Blancato:
3-2023 - Silicon Valley Bank - Update
If after reading this article you have questions or simply want to touch base, feel free to email, call or text us and we can get you on my calendar. These types of events spawn volatile markets, and we all know we should expect to see that, but sometimes it’s helpful to check in.