The collapse of Silicon Valley Bank and New York’s Signature Bank added new levels of uncertainty in an already volatile market environment. To think the stakes weren’t high enough, recent market events inserted a new variable, heightening investor uncertainty amid historically high inflation, rapid interest-rate hikes, and mounting public and private market debts. Contagion risk and the potential implications of the recent turmoil in the U.S. banking sector leave investors with nowhere to hide.
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