Last week Silicon Valley Bank went under and on Sunday, Signature Bank which is based in New York also failed. The government quickly stepped in to protect all the bank deposits at the two failed banks and provided a way for other banks to access more cash as well.

Thankfully inflation has shown signs of slowing down as the inflation rate dropped to 8.5% in July. Economic experts are cautiously optimistic that higher interest rates enacted by the Federal Reserve, easing of supply chain pressures, and reduction in fuel prices will result in further inflation reduction in the months ahead.

If you have been watching the news lately, you probably have been hearing stories about the state of the Markets which have been very volatile indeed. As the chart below indicates, The Dow Jones Industrial Average is down almost 7% and the S&P 500 is down almost 10% since the start of 2022.

While the Markets view the presidential election positively, it continues to exhibit volatility due to the on-going threat of the Coronavirus Pandemic.