This week in the stock market was characterized by more turmoil over the collapse of Silicon Valley Bank(SIVB) and Signature Bank(SBNY). These were the 2nd and 3rd largest bank failures in US history. It is very unclear whether another bank is going to join this list.
The MDY(Mid Cap), IJR(Small Cap) ETF’s dropped -3.3% for the week with the SPY(Large Cap) gaining +1.1%. This impacted the Mid Cap Flyers and Small Cap Discoveries in a negative way, leading to drops in these Model Portfolios.
In the three Model Portfolios, Mid Cap Flyers, Small Cap Discoveries and My Guru’s, there was not updates this week for the second week in a row.
Performance 2023 to date
| Mid Cap Flyers | -4.2% |
| MDY – Mid Cap ETF | -2.2% |
| Small Cap Discoveries | 2.0% |
| IJR – Small Cap ETF | -1.7% |
Position Trader 