“Off the Wall” Podcast

Q1 Market Recap: SVB Collapse, Tech Layoffs, & Investing Advice for Q2

Apr 12, 2023 Invest My Wealth

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs are joined by Erin Hay and Nate Tonsager from Monument Wealth Management’s portfolio management team to break down what happened in the markets in Q1 2023, along with some takeaways and advice as we head into Q2. 

Tune in to hear the team reflect on the US large cap tech dominance, the importance of having a cash strategy, the difference between risk and volatility, and the biggest surprises of the first quarter. They address the significance of the great bank “crisis of 2023 and share their top advice for investing, saving, and selling your assets in Q2. Plus, Erin and Nate share their opposing predictions (and bet a Jimmy John’s sandwich!) on whether the Fed will increase interest rates in 2023.

“My surprise of Q1 2023 is this: If you would have told me that we would, in 2023, have experienced the second and third largest bank failures in U.S. history and then told me that we would end the quarter positive with only a 7% drawdown in between, I would have said, you’re crazy.” – Erin Hay, CFA

Are you looking for clarity, conviction and unfiltered advice about your wealth?

You’ve come to the right place.

Episode Timeline/Key Highlights:

[00:33] Introducing the topic of today’s episode
[01:29] Q1 Market Summary – What happened in Q1?
[04:10] Highest and lowest performing market sectors of Q1 of 2023
[06:40] What equity markets performed well in Q1? & How tech layoffs impact the tech sector
[09:39] There’s an issue with leadership and breadth in the market…
[11:56] What surprised us about international (non-US) stocks
[13:57] Don’t make these assumptions when investing in Q2
[14:54] Let’s talk about investing & saving your cash in Q2
[16:04] Other market surprises from Q1 (hint: we’re talking about banks!)
[23:56] Major takeaways from Q1 of 2023
[28:17] Market predictions for Q2 and the rest of 2023

Resources Mentioned:

Blog – Investing Risk and Volatility Aren’t the Same: http://bit.ly/3MnG499
Blog – Why Risk Makes You Wealthy: https://bit.ly/3ZESBrW
Susquehanna research about US large-cap tech leadership: https://bit.ly/3KvJkge
Blog – What Happened to Silicon Valley Bank (In Plain English): https://bit.ly/svbcollapse
JP Morgan’s Guide to the Markets: http://bit.ly/417YgYm

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite
Follow us on Instagram: https://bit.ly/MonumentWealthIG
Follow us on Twitter: https://bit.ly/MonumentWealthTW
Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI
Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off The Wall"

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it’s your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.

Related "Off the Wall" Podcasts

Are you an executive getting ready for your next career move? Need advice on how to step away from your current role and figure out what’s next? Thinking of taking a sabbatical or transitioning to retirement? Tune in to the expert advice you need to make your next move successful! In this episode of Off the Wall, host Jessica Gibbs welcomes Deborah Brecher, President and Managing Director of Tandem Group, to give you advice on navigating change, growth, and transitions

Nov 06, 2023 Plan for Retirement

As we enter the last fiscal quarter of 2023, we always love to reflect on the Q3 market (and YTD) to see what we’re surprised by and the major takeaways from the data. In this quarterly recap episode of Off the Wall, hosts David B. Armstrong, CFA and Jessica Gibbs, CFP® are joined by our Portfolio Management team, Erin Hay, CFA and Nate Tonsager, CIPM.

Oct 05, 2023 Invest My Wealth

Stay up to date!

Subscribe to our “Off the Wall” Blog for articles and videos on all things wealth management, by all members of our Team. Unlike Facebook, we will never share your data with anyone.