Weekly Roundup: Banking Hearings, Stock Watch, and Economic Indicators
The first quarter of 2023 will come to a close this week with the shadow of a banking crisis hanging over a market that has remained resilient this year. The first of what will likely be several Congressional hearings on the events surrounding Silicon Valley Bank's collapse will be held Tuesday. On the economic data front, reads on consumer confidence from The Conference Board and the University of Michigan will pick up some initial readings on how the current banking crisis is affecting average Americans. Investors are likely to remain focused on how markets react to rolling concerns about banks worldwide with recent volatility and how wild price swings resolve as we reach the final day of the quarter on Friday.