First Week of March: Markets bounced back quite a bit in the last two days. March so far is turning out to be a good month. On personal front, there are some uncertainties with the new job I took up. There are layoffs happening and I am now wondering if I made the right decision to accept the role I took. Will find out in the next couple of weeks I guess!
3rd week of March: For the first time in a long time, I missed out on weekly update on NW and what a week it has been to miss! With the bank run on SWB, the world suddenly finds itself tethering on the edge of financial meltdown, or so it seems! The contagion was prevented by Fed guaranteeing SVB deposit holders and earlier today another contagion was avoided by UBS deal to buy out CS assets! Markets ofcourse did not take any liking towards these turn of events and its been two extremely volatile weeks, esp for my portfolio which is some what heavy on financials and insurance! On a personal note,
tomorrow I start my new W2 employment with GM. Lets see how I adjust getting back to work life after a six month hiatus!
4th Week of March.. One week into full time employment again. It for sure is impacting my personal investment business. But it also makes for a steady stream of income to bootstrap investments. Got introduced to bunch of folks , some interesting projects and in general a pretty good week at work. Another big update for the week, I for the very first time since covid pandemic tested positive for covid. Luckily my symptoms were not severe and I am already feeling much better. Loss of taste and smell, cough and headache were my prominent symptoms. Markets remain jittery following from the collapse of SVB and then take over of CS. |