Good Afternoon,

Spring Equinox is upon us, with the first day of Spring starting on March 20, 2023. The days will be longer and, hopefully, we’ll start to enjoy some warmer weather here in Southern California.

I recently wrote an article for Financial Poise discussing the importance of remaining calm amidst market drops and understanding why the movements are notable, but not the defining moment of the year.

You can read the article by clicking on the image below.

Weekly Market Update

Stocks are trading mixed due to ongoing worries about the status of regional banks. Consequently, the prior expectation that interest rates would rise and remain elevated for an extended period has been eliminated. Now, the revised forecast calls for a 25-basis point increase next week, followed by the possibility of rate reductions later in the year. The upcoming week will place significant emphasis on Federal Chairman Jerome Powell’s remarks on inflation, employment, and interest rates. Furthermore, it will be interesting to see if the Fed’s dot plot projections from last month’s meeting have been significantly modified.  For the week, the S&P 500, Dow Jones Industrial Average, and Nasdaq are all up 1.12%, 0.04%, and 3.37%, respectively, as of today’s close.

Our next webinar, Personal Finance: Tips & Tricks, is coming up on March 29, 2023. Click here to register and join Megan Schwab, CFP®, AIF® and Cole Ducote, AIF® from our Financial Planning team as they break down the basics of personal finance.

Rhonda Ducote, AIF®

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