A sudden and unexpected bank crisis in the US in March 2023 made the S&P 500 volatile and shattered the dreams of several investors who wanted to make some money using their surplus funds. In the first few days of March, the benchmark index gained ground. However, the collapse of Silicon Valley Bank caused panic in the global markets. However, a wise trader can make money even in a down market with the advice of a stockbroker.
Joseph Scott Audia is a reliable stock broker in the US and gives timely advice to trade stocks both in the rising and falling markets. The stock brokerage house gathers the latest news from across the world 24 hours a day and passes on such information to investors like you to benefit from the stock market in the US and worldwide.
Short the stocks
Experienced stock traders can benefit from shorting stocks in a down market and buying them at lower rates. It allows for bigger profits than in the rising markets. You can open a trading account in the US with a trusted brokerage and start trading to benefit from swing trading.
You will receive timely alerts on stock movements along with buy or sell advice from stock brokers in the US. You can take timely decisions by buying or selling the stocks and pocket the profits. You should not be greedy in the rising markets and start booking partial profits at all times to maximize your wealth.
The outlook for stocks in the US and worldwide markets has stabilized with the timely efforts of the US government and regulators, though panic remained in the stock market for two weeks. The worst crisis, which started in March, is almost over. Stocks in the US are expected to move positively in April 2023. You can reach Joseph Scott Audia to grab stocks at lower valuations in such bear markets. However, you should pick fundamentally strong company stocks for impressive gains in the long term.
The FDIC rescues failing banks in the US
The FDIC (Federal Deposit Insurance Corporation) took control of the failed Silicon Valley Bank in the US after the bank incurred a loss of several billion dollars when its bond holdings were liquidated to pay its depositors. The FDIC also took control of SBNY, a crypto signature bank, on March 12, 2023.
The Treasury Secretary of the US offered a lifeline to the first republic bank by arranging $30 billion through a coalition of 11 banks. However, the share price of First Republic Bank is yet to recover from the worst lows. Active stock traders should get the latest news from the stock market and stock brokers and act quickly to stem their losses. However, the outlook for stocks is positive thanks to the efforts of the US government and regulators.
If you are a passive investor, you can keep your funds in safe bond ETFs, government securities, and mutual funds for a steady income with moderate returns over a while. High-net-worth individuals can seek the help of stock brokers to manage their money and invest in high-quality, less volatile stocks to improve the value of their dollars.