Blog – Stock Market for the Week-Ending March 24, 2023
Summary:
The S&P 500 Index ($SPX) (SPY) Friday closed up +0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.30%.
Stock indexes Friday recovered from early losses and closed moderately higher. An unscheduled Friday meeting of the Financial Stability Oversight Council (FSOC), convened by Treasury Secretary Yellen, sparked short covering in bank stock. The FSOC issued a statement late Friday afternoon that said “the U.S. banking system remains sound and resilient despite the fact that some institutions are under stress.” Members of the FSOC include the heads of the Federal Reserve, the Federal Deposit Insurance Corp, and several other regulatory agencies.
Bank stocks Friday initially opened lower and weighed on the broader market on continued concern about the banking sector's stability. Treasury Secretary Yellen on Wednesday alarmed the market when she said the U.S. government is not considering a “blanket” protection of deposits. Ms. Yellen on Thursday had little success in damage control when she said that the government is prepared for further steps to protect bank deposits if needed.
Source - https://www.barchart.com/story/news/15394768/stocks-close-higher-as-bank-stocks-recover
What is up with the Stock Market for WE - March 24, 2023.pptx
1. WHAT IS UP
WITH THE
STOCK MARKET
Presenter Name:
Paul Young CPA
CGA
Date: March 17,
2023
2. PAUL YOUNG - BIO
Contact information email: paul.young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
CPA, CGA
(1996)
Academia (PF1,
FA4, FN2, MU1.
and MS2)
SME –
Customer
Success
Management
SME – Risk
Management
SME – Close,
Consolidate and
Reporting
SME – Public
Policy
SME –
Emerging
Technology
SME – Business
Process Change
SME – Financial
Solutions
SME –
Macro/Micro
Indicators
SME – Supply
Chain
Management
SME – Data, AI,
Security, and
Platform
SME – Internal
Controls and
Auditing
3. AGENDA
• Commodities (Key)
• TSX – Canada
• United States Market
• Audit
• Corporate Reporting
• Automation
• Threats of geopolitical risks and events
• Canada and USA scorecards
• New Zealand and Australia
• Asia
• Middle East and Africa
• South America
• Key Blogs
PRESENTATION TITLE 2/11/20XX 3
11. AUDIT
Blog – A new eye on audit quality using Data and AI - https://www.linkedin.com/pulse/blog-new-eye-
audit-quality-using-data-ai-paul-young/?published=t
2/11/20XX 11
12. CORPORATE REPORTING CHALLENGES
PRESENTATION TITLE 2/11/20XX 12
Here is my work on close, consolidate, and reporting -
https://ibm.box.com/s/i7efp948qvb5l8bt96y8sigsup8yes2u
Here is my work on ESG - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
13. CRISIS AND EMERGENCY MANAGEMENT
PRESENTATION TITLE 2/11/20XX 13
How Data and AI can help better safeguard assets through better
Emergency and Crisis Management Planning and Reporting
Emergency and Crisis Management planning and reporting are
growing important as both public and private sectors look at
better ways to safeguard their assets. This presentation discusses
how organizations can embrace Industry 4.0, monitoring, Data,
and AI as part of defining their policies and procedures when it
comes to business continuity and disaster planning and
reporting.
My video - https://www.youtube.com/watch?v=vyMy6Fnsbcw
My presentation:
https://ibm.box.com/s/oi8wxfsbwea7xfiiy076ki7qrafirobr
14. AUTOMATION /
BUSINESSES
PRESENTATION TITLE 2/11/20XX 14
Here is my latest look at automation including the use of robots and Robotic Process Automation
https://www.slideshare.net/paulyoungcga/automation-robots-and-machine-learning
Blog – How to ensure structural integrity of buildings using better risk management -
https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0
Blog - Cobots lead the future of the global industrial robotics market - https://www.linkedin.com/pulse/blog-cobots-
lead-future-global-industrial-robotics-market-young/?published=t
Blog - Almost all workers will be required to learn new digital skills in the next decade -
By the time we hit 2030, almost all workers in the UK (90 percent) will be required to learn new digital skills to do their
jobs, a new report from CRM provider Salesforce and analyst firm IDC argues.
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-education-
training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians
15. ESG REPORTING
PRESENTATION TITLE 2/11/20XX 15
Blog - Materiality Question Dogs SEC’s ESG Disclosure Project -
“When it comes to disclosure, investors have told us what they want,” Gensler tweeted in early August. “It’s now time for the
commission to take the baton.”
However, it would be practically impossible for the SEC to require all the above-listed information in one expansive rule. In
addition, though it might please climate change activists, it would alienate issuers and bring heaps of scorn from the business
lobby. More importantly, though, it could violate a bedrock principle of SEC disclosure mandates: materiality.
Disclosures are material when they are reasonably likely to impact a company’s financial condition or operating performance.
Therefore, they are the most important to investors, to use the definition of the Sustainability Accounting Standards Board.
https://www.cfo.com/regulation/2021/08/materiality-question-dogs-secs-esg-disclosure-project/
Here is my work - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
16. ESG REPORTING
PRESENTATION TITLE 2/11/20XX 16
Blog – Sustainability and ESG Reporting – How best to Manage the Supply Chain to Achieve Net Zero - https://www.linkedin.com/posts/paul-young-
055632b_4-steps-supply-chain-leaders-can-take-now-activity-7038135133589176320-_CHz?utm_source=share&utm_medium=member_desktop
Supply chain is critical aspect of day to day lives. The supply chain itself has many variables as part of taking the goods out of the ground and then getting
the finished product to market.
Here are key challenges that is facing the supply chain management as part of moving to net zero
1.Map your supply chain
2.Identified strategic suppliers
3.Build collaboration between suppliers and business partners partners
4.Align KPIS to a sustainability set
https://www.gep.com/blog/strategy/net-zero-emissions-supply-chain-sustainability
https://www.edie.net/nine-top-tips-for-making-your-supply-chains-more-sustainable-and-resilient/
Additional Links:
Blog - Sustainability and ESG Reporting - Developing key Policies related to Waste and Pollution - https://www.linkedin.com/posts/paul-young-
055632b_waste-management-critical-for-businesses-activity-7038127159349039104-
66VS?utm_source=share&utm_medium=member_desktop
17. ESG
PRESENTATION TITLE 2/11/20XX 17
Blog – Sustainability and ESG Reporting – How best to be a leader in Resource Stewardship -
https://www.linkedin.com/posts/paul-young-055632b_resource-stewardship-activity-7038124098052382720-
JjNS?utm_source=share&utm_medium=member_desktop
Biodiversity - https://www.linkedin.com/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-
affect-activity-7038115093066223617-CUHj?utm_source=share&utm_medium=member_desktop
GRI
https://w ww.linkedin.com/posts/paul-young-055632b_data-collection-for-gri-biodiversity-standard-activity-
7037785203137789952-4gxk?utm_source=share&utm_medium=member_desktop
Data Management - https://ibm.box.com/s/9ywac1v9au8txdb5u95ey51qcfsz5jwf
ESG and Sustainability Reporting - https://www.linkedin.com/posts/paul-young-055632b_survey-details-data-
officers-priorities-activity-7035607408462749696-_bXQ?utm_source=share&utm_medium=member_desktop
Supply chain - https://ibm.box.com/s/0lwsz1703mzbdnk2yu0lbs3lxvfbbhuj
18. 3/25/2023 18
I have done work on risk and compliance including discussing regulatory challenges like sustainability -
https://ibm.box.com/s/ewvspo5o7acm6ix4jypa5siyb6z8dzw2
19. GEOPOLITICAL RISKS
PRESENTATION TITLE 2/11/20XX 19
Blog – How best to manage Geopolitical Events as part of Safeguarding Assets.
Geopolitical risks are nothing new for the public and private sectors as geopolitical risks have been around for
decades. AI and Data can be used as part of mitigating geopolitical risks for both the public and private sectors.
https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets
1. Troop withdrawal from Afghanistan
2. Water shortages
3. Political stability
4. Rise of Cybersecurity attacks
5. Mitigating against future pandemics
6. Rise of inflation
7. Supply chain disruption
8. Iran elections
9. Adjusting to the new normal
10.Ukraine invasion by Russia
11.Development of natural resources in a sustainable way
20. WORKING WITH WEATHER SERVICES AND
ANALYTICS
PRESENTATION TITLE 2/11/20XX 20
Blog – Weather Services and Analytics integration with Data and AI
The role of weather data will continue to play a key role with private and public sector forecasting, budgeting, and
reporting cycles. This link discusses weather analytics and services as part of integrating those areas with Data and
AI as part of better managing climate change-related issues.
https://ibm.box.com/s/p9yzecfcp956l2d7jh25uflo3q8uof6j
21. SCORECARDS – CANADA AND UNITED
STATES
Here is my latest work - Blog – Canada – Economic and Fiscal Scorecard –
- High inflation here to stay for a while.
- High cost of housing (lack of affordable options.
- Issues with getting goods out of the ground to market.
- Risk of a brain drain.
- Inability of all levels of government to build a resilient supply chain
- Government stability
- Trade protectionism / trade wars
- Labor shortages
Additional Links:
Canada - https://ibm.box.com/s/rcqybccd6vbcjdj1xgc47bfp2jw06trq
USA - https://ibm.box.com/s/2nw9pn7mrrsrn3hper1xhh8yale4eu4p
PRESENTATION TITLE 2/11/20XX 21
22. AUSTRALIA AND NEW ZEALAND
PRESENTATION TITLE 2/11/20XX 22
The S&P/ASX 200 closed 13 points lower, down 0.19%.
Kerry has gone home sick 😢 so this Wrap won't contain the usual market insights. He'll be back
online Monday for the Morning Wrap.
24. CHINA GDP
PRESENTATION TITLE 2/11/20XX 24
China set a GDP growth target of “around 5%” for 2023 earlier this month, which many consider
moderate following a low base in 2022 and stronger-than-expected economic activity so far this year.
But the country’s new leadership has echoed the cautious tone.
In his first press briefing as premier, Li Qiang told reporters on Monday that achieving the growth target
of “around 5%” won’t be easy, as China’s GDP surpassed 120 trillion yuan ($17.8 trillion) last year,
which is a high base. Li said that the economy will face new challenges this year.
29. SOUTH AMERICA
PRESENTATION TITLE 2/11/20XX 29
Latin America’s economies held up well last year despite the shocks from Russia’s invasion of Ukraine
and global interest rate hikes. In 2022, the region’s economy expanded by nearly 4 percent,
employment recovered strongly, and the service sector rebounded from the damage caused by the
pandemic.
Inflationary pressures are receding in many countries due to the early and determined efforts of central
banks as well as lower global prices of food and energy. However, core inflation (that is, excluding food
and energy), remains high at around 8 percent in Brazil, Mexico, and Chile (and somewhat higher in
Colombia but lower in Peru).
30. 1. Blog - Data Breaches Cost Companies $4.24M Per Incident On Average https://www.cfo.com/cyber-security-technology/2021/07/data-breaches-cost-companies-4-24m-per-incident-on-
average/ I have done many blogs on data privacy, protection, security, and data governance: https://www.linkedin.com/posts/paul-young-055632b_what-is-data-fabric-activity-
6826126720932941824-08Zb
2. SEC may require climate risk disclosures in expanded 10-Ks: Gensler -
https://www.linkedin.com/feed/update/urn:li:ugcPost:6826481598666567681?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28*%2Curn%3Ali%3AugcPost%3A682648159866656
7681%29
3. Blog – What is new for regulatory reporting and the accounting standards - https://ibm.box.com/s/x973uioy6ozwkzw7yvqaa07wdldp8gld
4. Blog – Insurance and Climate Change - https://www.linkedin.com/posts/paul-young-055632b_how-do-you-insure-yourself-against-climate-activity-6823919255478792192-Zq7f
5. Blog - Top 8 Supply Chain Technology Trends for 2021 - https://www.linkedin.com/posts/paul-young-055632b_top-8-supply-chain-technology-trends-for-activity-
6826091811476516864-dvAx
1. Hyperautomation
2. Digital Supply Chain Twin (DSCT)
3. Immersive Experience and Applications
4. Edge Ecosystems
5. Supply Chain Security
6. Environmental Social Governance (ESG)
7. Embedded AI and Analytics
8. Augmented Data Intelligence
6. Blog - Cyber Attackers Could Weaponize Operational Tech to Harm Humans - Companies can reduce risk by implementing a security control framework.
https://www.mhlnews.com/global-supply-chain/article/21170603/cyber-attackers-could-weaponize-operational-tech-to-harm-
humans?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS210723103&o_eid=7930I4506489J2B&rdx.ident=%5Bobject+Object%5D&oly_enc_id=7930I45064
89J2B
1. Blog - Improving cybersecurity means understanding how cyberattacks affect both governments and civilians - https://www.linkedin.com/pulse/blog-improving-cybersecurity-
means-understanding-how-paul-young/?published=t
PRESENTATION TITLE 2/11/20XX 30
31. SUMMARY
• Summary
• Concerns over housing debt and affordable
housing are driving down markets
• Access to critical metals has become a
growing concerns for countries trying to shift to
cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague
global supply chains
• High inflation is challenge for global central
banks
• Threat of recession continues to rise each
week
• Bear market could lead to issues with pension
solvency
PRESENTATION TITLE 2/11/20XX 31
Blog – Stock Market for the Week-Ending March 24, 2023
Summary:
The S&P 500 Index ($SPX) (SPY) Friday closed up +0.56%, the Dow Jones Industrials Index
($DOWI) (DIA) closed up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up
+0.30%.
Stock indexes Friday recovered from early losses and closed moderately higher. An
unscheduled Friday meeting of the Financial Stability Oversight Council (FSOC), convened by
Treasury Secretary Yellen, sparked short covering in bank stock. The FSOC issued a statement
late Friday afternoon that said “the U.S. banking system remains sound and resilient despite the
fact that some institutions are under stress.” Members of the FSOC include the heads of the
Federal Reserve, the Federal Deposit Insurance Corp, and several other regulatory agencies.
Bank stocks Friday initially opened lower and weighed on the broader market on continued
concern about the banking sector's stability. Treasury Secretary Yellen on Wednesday alarmed
the market when she said the U.S. government is not considering a “blanket” protection of
deposits. Ms. Yellen on Thursday had little success in damage control when she said that the
government is prepared for further steps to protect bank deposits if needed.
Source - https://www.barchart.com/story/news/15394768/stocks-close-higher-as-bank-stocks-recover
Bumpy trade week just ended for March 24, 2023 - https://finance.yahoo.com/news/stock-market-news-
live-updates-march-24-2023-123438023.html
Lithium continues to face both pricing and supply issues -
https://oilprice.com/Metals/Commodities/Latin-Americas-Bid-T
o-Challenge-Chinas-Dominance-In-The-
Lithium-Market.html
Oil falls - https://www.oilandgas360.com/oil-falls-as-us-holds-off-refilling-strategic-reserve/
LNG continues to face many challenges as it relates to capacity and pricing -
https://tanktransport.com/2023/03/lng-export-capacity-decline-global/
Food inflation continues to hammer household budgets -
https://www.timeslive.co.za/news/world/2023-03-25-brexit-sees-uk-food-inflation-hit-45-year-high-
data-shows/
Source - https://www.geopoliticalmonitor.com or https://publicsectornetwork.co/insight/5-ways-to-reimagine-procurement-in-the-new-normal/ or https://www.foreignbrief.com/
Source - https://www.marketindex.com.au/news
Source - https://www.caixinglobal.com/2023-03-17/weekly-must-read-why-china-set-its-2023-gdp-growth-target-at-around-5-102009061.html or https://www.caixinglobal.com/2023-03-13/caixin-explains-why-china-set-its-2023-gdp-growth-target-at-around-5-102007758.html?utm_source=mailchimp&utm_medium=email&utm_campaign=MustRead&originReferrer=MustRead