Bank Failures, Homebuilder Highs, UAW Strike: 2023 Big Stories In The Market

There were many interesting stories in the market this year. Jeff Pierce joins Oliver Renick to recap some of the biggest news. He talks about bank failures including Silicon Valley Bank, Signature Bank, and First Republic Bank. He highlights that the S&P Homebuilders Index rallied to a new all-time high and Toll Brothers (TOL), PulteGroup (PHM), and Lennar (LEN) hit all-time highs. He then goes over the UAW strike against the “Big 3” automakers which began on September 15th. Tune in to find out more about the stock market today.