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On the SPOT™ blog (03/10/2023) [I..]

Markets remain in flux as fresh data continues to pound the markets. The economy added more jobs than expected in February but the unemployment rate grew and the pace of wage growth was slower than estimated. Crisis at SVB Financial (Silicon Valley Bank's parent) didn't help matters as its trouble continued with unconfirmed news that it might be considering to sell itself amid major outflow of deposits. All three major US indices appear to be fluctuating this morning (PST). I think I need to remain cautious as it is not clear to me if markets have priced in a 0.5% rate hike (at least until the CPI data comes out).

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