V2 Model March 11 2023 CHANGE

Will SVB collapse drag the market to new lows?

March 11, 2023

Recap

It was a losing week for the stock market as investors digested Fed Chair Powell's testimony before Congress, the February employment report, and news of SVB Financial's Silicon Valley Bank being shut down. Downside moves this week had the S&P 500 slice through support at its 50-day moving average, then its 200-day moving average.

The V2 Portfolio had a winning week. We will make an incremental change during Monday's session.

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