As you have no doubt heard by now, the U.S. financial system has seen several bank failures over the past week, including its second-largest ever with the failure of Silicon Valley Bank (SVB), which was taken over by regulators this past Friday. This followed the announcement middle of last week of the wind-down of Silvergate Bank and, in turn, has since been followed by the weekend takeover of Signature Bank by state regulators.
ARE YOU NOT ENTERTAINED?!?
Forgive me; no sooner had the words hit the page than it occurred to me that “entertained” is almost certainly not the word you would have chosen. Stunned perhaps? Or maybe nauseous would have been a better choice. A twenty-five percent bear market decline in stocks disrupted by sporadic and occasionally quite violent counter-trend rallies; a huge spike in the number of one to two percent swings up or down in the market from one day to the next and some of the largest intra-day reversals ever seen.
On this not-to-be-missed episode of the Value of Time podcast, we’re diving deep into the bond market: at a time of rising inflation and interest rates, what should we expect, what can we do, and why the heck would we even want to own bonds at a time like this?! We’ll get the answers to all of this and more with industry veteran Eddie Bernhardt of Invesco.
We interview our CEO Larry Hood and CIO Jim Ayres about the top 5 questions that clients are asking them during these strange times.
