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Keen On Retirement

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How Keen Wealth Helps Protect Our Clients Money, Balances, and Investments Thumbnail

How Keen Wealth Helps Protect Our Clients Money, Balances, and Investments

Last week, concerned customers pulled their deposits from Silicon Valley Bank and Silvergate Capital in California after both banks reported major losses on their balance sheets. This triggered another bank run at Signature Bank in New York. All three banks were heavily exposed to the tech sector, which has struggled this year, in part, because higher interest rates make it tougher for these companies to borrow cash and pursue long-term growth strategies.

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Market Update Q2 2021: What Could Slow Down Our Recovery from COVID? Thumbnail

Market Update Q2 2021: What Could Slow Down Our Recovery from COVID?

One year ago, despite lockdowns, skyrocketing unemployment, and major market volatility, my team at Keen Wealth was cautiously optimistic. We believed that most of the economic disruption our country was facing was a temporary and necessary response to battling COVID-19. And we believed that once vaccine development started progressing and the country started reopening, jobs would come back, the economy would roar to life, and the markets would respond in kind.

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