Global Banking Crisis, Tech's Outperformance, and the Latest Inflation Read 03/27/23

Worldwide Exchange - A podcast by CNBC

Categories:

First Citizens Bank will buy a large chunk of Silicon Valley Bank as concern over the global banking crisis continues to weigh on Wall Street. Rathbone Investment Management's Ed Smith and JMP Securities' Devin Ryan explain the outlook. Plus, the tech sector has been among the major winners so far this year, with the Nasdaq up 13%. Sanlam Investments' Hannah Gooch-Peters discusses the recent performance. And, investors are gearing up for the latest read on PCE, the Fed's preferred gauge of inflation. Palumbo Wealth Management's Phil Palumbo and Rose Advisors at Hightower's Patrick Fruzzetti break down what this means for the markets.