Credit Concerns Are Difficult To Calm

The next month will be a time of discovery. Asset Managers will error on the side of caution and they will not buy until they are satisfied that contagion has been avoided.

MARKET COMMENTS MONDAY – This is going to get ugly. The S&P 500 closed below a major technical support level last Friday and the Silicon Valley Bank failure has ignited fear of a credit crisis. This morning we are learning which other banks might be “on the ropes”. The S&P 500 was up 50 points last night and this morning it is down 40 points. Credit concerns are the one thing that can lead to a sustained market decline.

Daily Bulletin Continues...