Topley’s Top 10 – March 10, 2023

Author

Matt Topley
March 10, 2023

1. KRE Regional Bank ETF Chart Update

Regional Bank ETF breaks 200 week moving average for first time since 2020

2. SVB Bank Does Business with 44% of U.S. Venture-Backed Technology and Healthcare Companies that went Public Last Year

According to Bloomberg News, SVB does business with almost half of all US venture capital-backed startups, and 44% of US venture-backed technology and health-care companies that went public last year. Those sectors have been ravaged as rate hikes enacted to combat inflation tank valuations and force companies to search for cash, Bloomberg News notes. “We are taking these actions because we expect continued higher interest rates, pressured public and private markets, and elevated cash-burn levels from our clients as they invest in their businesses,” SVB Chief Executive Officer Greg Becker said in a letter to shareholders Wednesday.  https://www.bloomberg.com/opinion/articles/2023-03-09/is-silicon-valley-bank-s-swoon-a-recession-signal?srnd=premium&sref=GGda9y2L

3. Inflation Fight….Still Significant Cash on Sidelines

Rick Reider Blackrock

4. Credit Spreads Not Pricing in Inflation

Torston Slok Apollo Group

5. Investors Overweight Bonds

Callum Thomas Chart Storm

https://www.linkedin.com/pulse/off-topic-chartstorm-bond-yields-callum-thomas/?midToken=AQFjhnSMpoKQvw&midSig=3dgUxrs3IkGqE1&trk=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta&trkEmail=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta-null-5kl89~leq0zokj~15-null-null&eid=5kl89-leq0zokj-15

6. EFV Developed International Value ETF Sitting on 3 Year Highs…No Breakout Yet

7. Another Unlikely Semiconductor New Highs Chart…Microchip About to Break Out to New Highs

8. Chinese PPI Goes Negative

The Daily Shot Brief…China: The PPI moved deeper into negative territory. This is good news for inflation in the US.

Source: The Daily Shot

9. Global Obesity Rates

Capital Group

https://www.capitalgroup.com/advisor/insights/articles/new-ways-pharma-fighting-obesity-epidemic.html?sfid=1988901890&cid=80940666&et_cid=80940666&cgsrc=SFMC&alias=F-btn-LP-18-A3cta-Advisor

10. New Neuroscience Reveals 8 Secrets That Will Make Your Memory Stronger