Following my e-mail of yesterday, concerning the collapse of SVB and Signature Bank over the weekend, EBI (our investment partners) have produced some additional commentary which you might find interesting; please click on the link below:
EBI Market Update - Silicon Valley Bank
You may need to press Ctrl and click at the same time to open this.
As I am typing, the FTSE 100 in the UK is up 1.13% and the S&P 500 in the US is up 2.03%, erasing at least some of the last couple of days losses. For now at least, widespread contagion seems unlikely.
I hope you have found this helpful but, if you have any questions about this piece or any other finance related matter, please do not hesitate to get in touch.
Yours sincerely,
Graham Ponting CFP Chartered MCSI
Managing Partner
