📈 Stoxx Bank Index Takes a Dive

Advertise with us | Our Newsletters | Your Rewards

Good Morning!

Wall Street had a bit of a rough patch yesterday, with financial stocks taking a major hit. SVB Financial got the worst of it, with a 60% drop - leading to the major indexes closing 1.6-2% down. And over in Europe, the Stoxx bank index was down a whopping 4.8%.

Today, we've got three big things that could shake up the markets even more. First up, we've got the February jobs report. Then, we've got Apple holding their annual shareholder meeting, where they'll probably spend most of the time discussing how they can make their next iPhone even more expensive. And finally, the monthly Treasury budget comes out, which is perfect for those of us who love a good spreadsheet.

Bored of boring investments? Join the wild world of crypto with The Crypto Journal!
Are you tired of feeling left out of the latest crypto trends and news? Do you want to stay on top of the game and make informed investment decisions?

Our partner newsletter, The Crypto Journal is the ultimate guide to all things crypto, from the latest market trends to in-depth analysis of emerging cryptocurrencies. We break down complex concepts and provide easy-to-understand insights so that even the newest investors can make informed decisions.

And the best part? It's absolutely free! With just one click, you can sign up for The Crypto Journal and start your journey to becoming a better crypto investor today.

So what are you waiting for? Click the button below and join our community of crypto enthusiasts today for free!

Markets

Stock futures fall following Thursday’s market sell-off fueled by banks (3 minute read)
Unfortunately, things haven't been looking so great. Wall Street had a rough day yesterday, with the Nasdaq Composite taking a 2.05% dive, the S&P 500 dipping 1.85%, and the Dow losing 1.66%. It's the first time in a while that the Dow has closed below its 200-day moving average. Financial stocks were the main culprits behind the market's slide, with SVB Financial taking a 60% hit after announcing plans to raise over $2 billion in capital to make up for losses from bond sales.

European and Asian stocks rattled after sell-off in US bank shares (5 minute read)
Stock markets in Europe and Asia are having a bit of a bad day too this Friday morning. Investors are freaking out about the banks' bond portfolios and they're extra jittery ahead of some big economic data coming out of the US. European banks are really feeling the pain, with the Stoxx bank index down a whopping 4.8%.

Investing

Jobs report, Apple meeting, Treasury budget: 3 things to watch (3 minute read)
It's time for a rundown of the three big things that could shake up the markets today. First up, we've got the February jobs report dropping at 8:30 ET (or 13:30 GMT), and analysts aren't expecting great news - the number is predicted to be less than half of what it was in January. Yikes. Apple Inc (AAPL) is holding their annual shareholder meeting, and finally, the monthly Treasury budget comes out at 14:00 ET, and analysts are predicting a decrease of $256 billion.

2 FAANG Stocks to Buy Now and Hold Forever (5 minute read)
If you're looking for some long-term investment options, two stocks to consider are Meta Platforms (META) and Netflix (NFLX). These companies are both big players in their industries and have a reputation for innovation. So if you're looking for some potential for growth in the tech and entertainment sectors, these could be solid choices. Plus, who doesn't love binging on Netflix while scrolling through their Meta feeds?

Money

Q4 2022 Household Net Worth: The "Real" Story (5 minute read)
Jennifer Nash from Advisor Perspectives has taken a long-term look at household net worth from the latest Z.1 release, and boy is it a rollercoaster. There's a bubble that pops in Q4 2007, only to hit rock bottom in Q1 2009, which just so happens to be the same quarter the stock market takes a nosedive. But wait, there's more! The latest Fed balance sheet shows a total net worth for households that is 149% above the 2009 trough. The nominal Q4 2022 net worth is slightly down by 2.0% from the previous quarter and down 2.7% year-over-year. So, it looks like it's been a wild ride, but things are still looking up overall.

🐥

Best of Twitter

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in crypto and web3 - check out our new newsletter, The Crypto Journal!

Share The Investing Journal with your friends to receive rewards!