Concluding 1Q23 and current market trend
German Chancellor Olaf Scholz recently declared that Deutsche Bank is "very profitable," causing markets to pare losses and close in the green on Friday. Amid the recent banking crisis, the market trend continues to exhibit short-to-medium term upward momentum. However, as we enter the second half of 2023 (2H23), investors should exercise caution due to potential interest rate cuts. Market Trend Amid Banking Crisis Despite the ongoing banking crisis, the market trend remains on a short-to-medium term uptrend . This is evident from the swift recovery of the markets following Chancellor Scholz's positive statement about Deutsche Bank. The overall market sentiment appears to be cautiously optimistic, buoyed by the robust performance of key players such as Deutsche Bank. S&P 500 Range Bound Trading and the End of 1Q23 As we approach the end of the first quarter of 2023 (1Q23), the S&P 500 continues to experience range-bound trading. Market participants should keep