The opening of March seemed calm. On March 7th, Jerome Powell's speech hinted that the Fed was open to increasing its pace of hikes, which sent markets into a panic. The strong employment data kept upward pressure on inflation. However, the situation was reversed by a little trouble in the banking sector. Silicon Valley Bank's attempts to shore up its finances failed miserably, leading to a run in the global banking industry. As we entered late March, more b...