- Equity markets have seen a much-welcomed reprieve recently with broad US, International, and Emerging Market indices up 11.6%, 15.3% and 6.9% QTD through 11/11/20221. However, looming recession headlines continue to spark angst with investors, who may be wondering what the impact might be if one does occur.
- The National Bureau of Economic Research (“NBER”) defines a recession as a significant decline in economic activity that is spread across the economy and that lasts more than a few months2. However, the NBER’s official recession announcements are delayed from the actual recession periods. (Download the PDF for more)
Should I be worried by the recent banking turmoil’s impact on the stock market?
March 2023 was a significant month for banks in the US and globally. On March 10th, Silicon Valley Bank (SIVB) succumbed to a phenomenon called