Episode description
Week 11 Market Performance:
Dow Jones Industrial Average: -.15%; YTD Performance: -3.88%
S&P 500: +1.43%; YTD Performance: +2.01%
Nasdaq: +4.41%; YTD Performance: +11.12%
Silicon Valley Bank Mission Statement:
“Our mission is to increase the probability of our clients’ success. For nearly 40 years, Silicon Valley Bank has helped innovators, enterprises and their investors move bold ideas forward, fast.”
Silicon Valley Bank sold $21B worth of US Treasuries and Agency securities for a ($1.8B) loss after tax.
Fed's response: .25 Basis Point (.25%) rate hike.
What does it mean? Find out by listening to Episode 2.