Market update March 13 2023 It’s a very interesting time in the markets! I have asked Sheila Bair if she will be a guest on the podcast so let’s see what she says - she is seriously busy as you would expect. As far as the markets go The Standard and Poors 500 index (SPX) fell 4.6% last week, its decline exacerbated by the weakness in the bank sector. It broke the 3900 support level I wrote about on the Feb 23rd market update. Next support is -3505 With increased bearishness, the VIX is now near 29. There is room to resistance of 35+ and I continue to believe that the VIX may need to near 50 before the final low of the bear market cycle is established Time will tell as it always does

Posted by Suze at 2023-03-13 13:14:17 UTC