Local bank stocks slumped in mid-March amid fears of wider financial contagion globally from the collapse of Silicon Valley Bank (SVB) as well as Credit Suisse’s downfall.
In this episode, our Research Analyst, Lim Choon Siong, summarises key market events that have happened in the last quarter and explained why the short-lived market turbulence that followed the US banking crisis in March did not prevent investor optimism leading US stocks higher over the quarter.
View the full list of podcast episodes published here.
Music courtesy of ItsWatR.
For more in-depth review of the market over the past 3 months:
1. Stock Market Has Its Best January in 4 Years: Market Review January 2023
2. January Gains, February Pains: Market Review February 2023
3. A Good Month for Stocks and Bonds: Market Review March 2023
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