We hope you are doing well. As we approach the end of March, I wanted to thank you for yet another successful season. I was thrilled to catch up with many of you during client meetings or at one of our various client events. If you are still interested in learning our perspective on the market, we are continuing to offer our educational seminars through the end of April. You can find the seminar schedule here.
We are also excited to announce we are currently updating our visual brand. Over the coming months, we will gradually roll out the rebranding, which will include a new logo and redesigned website. We are excited to unveil the fresh look of our brand! In response to your feedback, we have decided to pivot to a quarterly economic commentary that will be sent out separately from our Moran Monthly Digest. If you are currently subscribed to our newsletter, your email will automatically be added to receive our Quarterly Economic Commentary. This approach will allow us to provide a more in-depth analysis of the global economic landscape. At the same time, we understand the importance of timely market insights. I will continue summarizing my perspective monthly in ‘Tom’s Insights’ and continue sending out market updates in the case of any major developments. As always, your feedback is essential to us, and we appreciate your continued support.
The health of the banking system has been called into question recently following three regional bank closures. Despite the shockwaves felt in the markets, we believe these closures were isolated events and not indicative of a wider systemic problem. The regional banks in question were at higher risk of insolvency due to their specialized client base, catering primarily to the tech and cryptocurrency industries. Still, pressure is mounting for the Federal Reserve to slow its monetary policy tightening to avoid further destabilizing the financial sector. We believe the Fed will raise rates three more times this year at 25 basis points each, halting at a 5.25% discount rate in June. All eyes will be on the next FOMC meeting slated for March 21-22. If the Fed adopts a more accommodative stance, this could mean we dodge a recession.
This commentary is for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities. The views expressed are those of the author(s) as of the date of publication and are subject to change without notice. Past performance is not indicative of future results.
This material may have been prepared using data and analysis from a variety of sources, including but not limited to: Bloomberg, FactSet, Morningstar, S&P Global, Moody’s, Refinitiv, Capital IQ, CRSP, FRED, IMF, World Bank, OECD, and other third-party research providers. Additionally, portions of this content may have been generated or reviewed with the assistance of artificial intelligence tools, including OpenAI’s large language models or similar technologies. While we believe these sources to be reliable, we do not guarantee their accuracy or completeness.
Moran Wealth Management is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. For more information about our services, fees, and potential conflicts of interest, please refer to our Form ADV Part 2A, available upon request.
Moran Monthly Digest: Mar. 2023
Dear Clients,
We hope you are doing well. As we approach the end of March, I wanted to thank you for yet another successful season. I was thrilled to catch up with many of you during client meetings or at one of our various client events. If you are still interested in learning our perspective on the market, we are continuing to offer our educational seminars through the end of April. You can find the seminar schedule here.
We are also excited to announce we are currently updating our visual brand. Over the coming months, we will gradually roll out the rebranding, which will include a new logo and redesigned website. We are excited to unveil the fresh look of our brand! In response to your feedback, we have decided to pivot to a quarterly economic commentary that will be sent out separately from our Moran Monthly Digest. If you are currently subscribed to our newsletter, your email will automatically be added to receive our Quarterly Economic Commentary. This approach will allow us to provide a more in-depth analysis of the global economic landscape. At the same time, we understand the importance of timely market insights. I will continue summarizing my perspective monthly in ‘Tom’s Insights’ and continue sending out market updates in the case of any major developments. As always, your feedback is essential to us, and we appreciate your continued support.
The health of the banking system has been called into question recently following three regional bank closures. Despite the shockwaves felt in the markets, we believe these closures were isolated events and not indicative of a wider systemic problem. The regional banks in question were at higher risk of insolvency due to their specialized client base, catering primarily to the tech and cryptocurrency industries. Still, pressure is mounting for the Federal Reserve to slow its monetary policy tightening to avoid further destabilizing the financial sector. We believe the Fed will raise rates three more times this year at 25 basis points each, halting at a 5.25% discount rate in June. All eyes will be on the next FOMC meeting slated for March 21-22. If the Fed adopts a more accommodative stance, this could mean we dodge a recession.
To continue reading, please download the full Moran Monthly Digest here.
This commentary is for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities. The views expressed are those of the author(s) as of the date of publication and are subject to change without notice. Past performance is not indicative of future results.
This material may have been prepared using data and analysis from a variety of sources, including but not limited to: Bloomberg, FactSet, Morningstar, S&P Global, Moody’s, Refinitiv, Capital IQ, CRSP, FRED, IMF, World Bank, OECD, and other third-party research providers. Additionally, portions of this content may have been generated or reviewed with the assistance of artificial intelligence tools, including OpenAI’s large language models or similar technologies. While we believe these sources to be reliable, we do not guarantee their accuracy or completeness.
Moran Wealth Management is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. For more information about our services, fees, and potential conflicts of interest, please refer to our Form ADV Part 2A, available upon request.