Markets showed how much can change in a week as Monday’s weakness turned into a full-fledged selloff in the indexes by Friday. The VIX spiked to the highest intraday level since October on the rapidly unraveling Silicon Valley Bank failure news and inherent uncertainty involved with that. Contagion fears should continue to dominate market behavior early this week as more of this story unfolds. CPI is reported on Tuesday morning.
Thank you Dan.