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psychological well being and wellbeing within the office – RoSPA Office Security Weblog

Greater than ever earlier than, psychological well being is a subject for open dialogue within the media, inside our social circles and naturally at work. Psychological well being and wellbeing is all about how we predict, really feel and behave, and is often brought on by a response to a tough life occasion, which will be prompted or made worse by work-related points. Particularly, working in isolation away from managers and colleagues can add stress to a workforce that’s already dealing with a major quantity of strain.

The size of the issue

Globally, an estimated 264 million folks undergo from melancholy, one of many main causes of incapacity, with many of those folks additionally affected by signs of tension.

A latest World Well being Group (WHO) – led research estimates that melancholy and anxiousness issues value the worldwide financial system $1 trillion every year in misplaced productiveness.

The UK’s Well being and Security Government (HSE) reported that 12.8 million working days have been misplaced due to stress, melancholy or anxiousness throughout 2018-19. In response to the psychological well being consciousness charity, Thoughts, roughly 1 in 4 folks within the UK will expertise a psychological well being drawback every year.

Clearly, supporting staff to handle their very own psychological well being and making a working setting that allows all to flourish is a matter of urgency for enterprise leaders and well being and security managers.

Dangers to psychological well being within the office

In response to the WHO, the next can set off or exacerbate psychological well being points within the work place:

  • Insufficient well being and security insurance policies
  • Poor communication and administration practices
  • Restricted participation in decision-making or low management over one’s space of ​​work
  • Low ranges of assist for workers
  • Rigid working hours
  • Unclear duties or organizational goals

Constructing a optimistic office psychological well being tradition

Sadly the office can intensify a pre-existing situation and may carry on signs or make their results worse. Whether or not work is the reason for a well being challenge or intensifies an underlining challenge, employers have a obligation to assist their employers and supply enough psychological well being and wellbeing assist.

RoSPA’s place on psychological well being at work is to encourage employers to undertake a holistic strategy to managing the dangers to the well being, security and wellbeing of their employees. There’s additionally a necessity to enhance the extent of entry which staff have to acceptable occupational well being companies and assist.

Whereas that is nicely developed in lots of companies, many employees, notably these in lots of SMEs, nonetheless haven’t got entry to a suitably skilled or empowered occupational well being skilled. RoSPA’s suite of psychological well being programs will help you handle this inside your group and construct a piece place setting that’s supportive to these experiencing psychological well being difficulties.

Psychological Well being Programs

Step one is for the management to know the significance of selling a supportive setting for his or her employees. All administrators and managers ought to have some type of psychological well being and wellbeing coaching. Among the many senior group at any organisation, a very good place to begin could be to have at the least one one that is skilled as a wellbeing coordinator.

The Office Wellbeing Coordinators course is appropriate for all skilled teams which might embrace; wellbeing leads, well being and security practitioners, human useful resource professionals, senior managers and employees which have been tasked with the corporate’s wellbeing.

To assist and promote a optimistic wellbeing program it is also essential to have staff in any respect ranges invested and a spread of individuals skilled to assist assist colleagues. Our Office Wellbeing Champions course teaches learners how efficient communication can assist well being messages, to advertise enhancements within the well being and wellbeing of others and perceive the influence of conduct change of enhancing a person’s well being and wellbeing.

The HSE states that it is strongly recommended that in case you work in an organization with 5-50 employees, there must be at the least one individual skilled in psychological well being first help. It is best to then want one other first-aider for each 50 employees after that.

Our Psychological Well being First Support (MHFA) coaching programs will train your employees easy methods to spot the signs of psychological well being points, in addition to provide preliminary assist and information an individual in the direction of assist. These programs are all about educating you to hear, reassure and reply, even in a disaster and doubtlessly cease a disaster from taking place.

As well as, we provide a number of psychological well being digital classroom companies to deal with the psychological wellbeing of staff who’re working in isolation, remotely, or at residence. A digital classroom is a web-based studying setting that enables for reside interplay between the tutor and the learners as they’re collaborating in studying actions. In different phrases, the digital classroom is a shared on-line area the place the learners and the tutor work collectively concurrently.

Above all you will need to keep in mind that all of us have psychological well being which might fluctuate and alter over time. It will be unacceptable for any group to not make changes for somebody’s bodily wellbeing, so the identical ought to use for psychological well being and wellbeing. For extra data and recommendation on our suite of psychological well being programs please go to our web site, name us on +44 (0)121 248 2044 or e-mail.

Barchester Healthcare Well being & Security Staff response to Covid-19 – RoSPA Office Security Weblog

Continuity Planning?

Considering again to Monday 16th March 2020 I bear in mind getting up early. I used to be resulting from go to considered one of our houses in Tewkesbury. I used to be nearly to depart the home when an electronic mail landed from a senior Director telling us all to ‘Maintain’ all visits and be prepared for a convention name that morning. Sure, this was the beginning of the ‘Lock Down’. With the advantage of hindsight, how prepared had been we for what was about to occur subsequent?

Our administration crew has already undertaken numerous strategic planning workout routines. On the 16th March, a ”strategic govt crew” was established and a planning and response process produced – that is nonetheless a stay doc.

Workplace primarily based employees had been then requested to make money working from home. Inside a number of days we acquired studies {that a} member of employees primarily based at house had hit their head on a shelf. Perhaps time for a DSE evaluation maybe? ‘We might see it was time to leap into motion’

So how did we reply?

One of many first H&S challenges we encountered was the variety of contractors who is perhaps visiting our houses. All non-essential visits had been stopped. LOLER inspections introduced us with a number of extra challenges. LOLER engineers would usually have entry to all areas all through our houses. We deemed this ought to be classed as a vital go to and determined one of the simplest ways ahead can be to reduce the ”actions” undertaken by the engineer inside every house. We determined to allocate an space/lounge for the engineer to work in and all tools can be dropped at them, checked and put again in situ. This might keep social distancing measures and reduce the chance of cross contamination points throughout the house.

When it comes to House working, the Well being and Security crew have developed a 2 web page self-assessment which now combines DSE, lone working and fireplace security. It is simpler to make use of in its present kind and way more streamlined.

Laundry – we now have reviewed our procedures and produced a Customary Working Process (SOP) to assist handle considerations regarding contaminated gadgets

Cleansing – Provide points meant we wanted to work shortly to supply completely different sanitizers and undertake new COSHH threat assessments which are actually in place.

When it comes to cleansing rooms with confirmed or suspected Covid -19 A Customary working process was additionally produced.

Sustaining fireplace security is a crucial difficulty for all care suppliers presently. We had a lot of houses with on-going enchancment plans in place which were recognized in a Hearth Danger Evaluation. To assist reduce the onsite visits to the houses by contractors, the crew carried out a evaluate of all stay/ongoing fireplace threat evaluation actions. Every motion was assigned a RAG (crimson, amber or inexperienced) score. This helped us to establish any works classed as important (security crucial). Contractors will now solely be permitted to attend websites to finish the remedial works the place the works are deemed Security crucial.

RIDDOR reporting of Covid-19 is now reportable as a illness. That is efficient from the 5th April. The problem for us: If a member of employees did develop Covid-19, how would we all know it was because of office publicity? We now have since developed a screening questionnaire, to assist establish when a report is in reality needed

Hearth & Rescue Companies had been beginning to contact us each by means of the H&S Staff and regionally on to our houses. Completely different ranges of considerations had been raised by completely different Hearth & Rescue Companies concerning their deliberate response to 999 calls. They had been conscious of the dangers related to Covid 19. The hearth service needed to make sure the protection of their crew. They might need to know the variety of constructive Covid-19 instances and in addition suspected instances earlier than they had been capable of reply. We now have agreed working protocols in such an occasion that keep security for all.

Lastly, we’re opening a lot of new construct houses which we’d examine and assist with the registration/opening. We agreed that such inspections might be undertaken remotely with assist occurring just about.

The previous few weeks have been actually difficult. Occasions are certainly unprecedented. We now have been introduced with a lot of questions that we did not instantly have a solution to. At occasions we now have been requested to make the not possible, potential. What mattered then was that we had been decided to discover a answer, which made sense and ensured some type of enterprise continuity.

Now trying ahead, I am certain there will likely be a complete host of latest challenges and in addition new questions. We’ll proceed to supply the assist and recommendation as and when it’s wanted as we now have at all times achieved earlier than and we are going to try to turn into much more ”answer targeted” alongside the best way

Seemingly there are solutions to most questions, however solely in case you are dedicated to discovering them.

Why will we do that job I hear you ask? As a result of security – save lives and has by no means been extra essential.

Andy Hollingshead (H&S Supervisor), Lisa Harris (H&S Supervisor) and Paul Mason (H&S Director).

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Finance Minister Gives Particulars on Future Fund Laws

The provincial authorities goes to observe by way of on a advice of the PERT Report to ascertain a Future Fund.

The fund shall be managed by the Division of Finance, with a six-person board of trustees to supply oversight. 4 of these positions will sit on the board based mostly on their place in authorities, with the opposite two being appointed by the Lieutenant Governor in Council.

So far as contributions to the fund are involved, authorities shall be required to contribute web proceeds of tangible and intangible belongings bought for larger than $5 million, and a portion of non-renewable useful resource royalties obtained within the earlier fiscal 12 months as required by future fund laws.

The treasury board may approve further contributions.

Withdrawals from the fund have been damaged down into two classes.

The primary is non-restricted withdrawals, which can be utilized to service the general public debt, or pay an quantity required because of an “extraordinary circumstance,” which is outlined as one thing that has or is projected to materially impression the province’s fiscal place.

Then there are restricted withdrawals, which can not happen till both 10 years have handed or till the fund’s steadiness is at the very least equal to monetary obligations referring to unfunded long-term debt maturities within the subsequent 10 years.

After that interval, funds may be withdrawn to pay bills that come up from the sale of a Crown asset that weren’t identified or determinable on the time the proceeds have been deposited, pay quantities associated to decommissioning and abandonment actions underneath an oil lease or license, and to fund strategic priorities.

Bland China data leaves market hungry for stimulus

A look at the day ahead in European and global markets from Wayne Cole

It could have been worse, is about the best that can be said of China’s data dump today. The Q2 GDP number of +0.8% q/q just pipped forecasts, but the y/y undershot at 6.3% suggests revisions somewhere to the past.

Industrial output in June beat by rising 4.4% on year, but retail sales missed at 3.1% and property sales suffered the largest monthly drop this year, so making for a rather mixed bag.

The market reaction was disgruntled with Chinese shares down and the yuan easing. Investors’ favorite liquid China proxy, the Aussie dollar, was modestly under water as analysts suspect Beijing will allow the yuan to keep depreciating as one form of indirect stimulus.

The data underlined the need for much more serious fiscal spending but Beijing seems in no hurry to satiate the market wishes this time. The central bank left one-year rates unchanged on Monday, and analysts seem to have resigned to wait for a Politburo meeting later this month for fresh steps.

Earnings season is well underway and Tesla is the first of the tech giants to report on Wednesday, with much riding on whether it can meet high expectations.

BofA expects it and the six other tech behemoths to boast earnings growth of an average of 19% over the next 12 months, more than double the 8% estimated for the rest of the S&P 500.

Worth noting that the phenomenal rise in the seven’s market capitalization will prompt a re-weighting of the Nasdaq on July 24, which will see their weighting fall to 44% of the index from 56%. Apple’s weighting will drop by around 4ppt to 12% and Microsoft the same to 10%.

Goldman Sachs says passive funds that track NDX will rebalance their portfolios but the 2011 special rebalance experience suggests the stock-level impact will be limited.

Key developments that could influence markets on Monday:

– ECB Board member Fabio Panetta at G20 Finance Ministers and Central Bank Governors meeting in Gandhinagar, India

– ECB President Christine Lagarde gives pre-recorded speech, board members Frank Elderson and Philip R. Lane appear at 9th ECB conference on central, eastern and south-eastern European (CESEE) countries

– Federal Reserve Bank of New York issues Empire State Manufacturing Survey for July

(By Wayne Cole; Editing by Jacqueline Wong)

Benefits of Eating Meat | Diabetic Mediterranean Diet

July 1, 2023 · 2:15 PM

Benefits of Eating Meat | Diabetic Mediterranean Diet
Mucho protein, amigo

I found a review article at Animal Frontiers that makes the argument in favor of meat consumption. The authors admit little focus on the downsides of eating meat. I’ve been cutting back on my meat consumption out of sympathy for the animals. Here are some of the key points verbatim:

  • Aspects of human anatomy, digestion, and metabolism diverged from other primates, indicating evolutionary reliability on, and compatibility with, substantial meat intake. Implications of a disconnect from evolutionary dietary patterns may contribute to today’s burden of disease, increasing the risk for both nutrient deficiencies and chronic diseases.
  • Meat supplies high-quality protein and various nutrients, some of which are not always easily obtained with meat-free diets and are often already suboptimal or deficient in global populations. Removal of meat comes with implications for a broad spectrum of nutrients that need to be accounted for, while compensatory dietary strategies must factor in physiological and practical constraints.
  • Although meat makes up a small part (<10%) of global food mass and energy, it delivers most of the global vitamin B12 intake and plays a substantial role in the supply of other B vitamins, retinol, long-chain omega-3 fatty acids acids, several minerals in bioavailable forms (eg, iron and zinc), and a variety of bioactive compounds with health-improving potential (eg, taurine, creatine, and carnosine).
  • As a food matrix, meat is more than the sum of its individual nutrients. Moreover, within the diet matrix, it can serve as a keystone food in food-based dietary interventions to improve nutritional status, especially in regions that rely heavily on cereal staples.
  • Efforts to lower global meat intake for environmental or other reasons beyond a critical threshold may hinder progress towards reducing undernutrition and the effects this has on both physical and cognitive outcomes, and thereby stifle economic development. This is particularly a concern for populations with increased needs and in regions where current meat intake levels are low, which is not only pertinent for the Global South but also of relevance in high-income countries.

Steve Parker, M.D

front cover of Conquer Diabetes and Prediabetes

Filed under Vegetarian Diets

Which Diet (way of eating) Is Best for Health and Longevity?

Proper diet undoubtedly promotes healthier aging and longevity. But what’s the right diet? A meta-analysis of diet studies proposes an answer. or more accurately, answers, based on diet-related biomarkers linked to disease and aging. Half of the studies were done in Europe, the rest from North America and Asia. The February, 2023, article was published in Nutrients. You can read the entire article online.

“….the main goal of this systematic review was to perceive the quantity and quality of different diets or aspects in nutrition, how they could modulate biomarkers and prevent aging-related diseases, in order to enlighten new intervention strategies. Biomarkers that are linked to aging-associated metabolism, inflammation processes, cognitive decline, and telomere attrition were scrutinized in order to understand how these mechanisms could actually influence healthy aging. Moreover, it could provide information to future health professionals.”

The researchers conclusions:

“In conclusion, this systematic review demonstrated the necessity for individuals to improve their diets, to reduce the emergence and development of several comorbidities and promote healthy aging. Diets rich in vegetables, fruits, nuts, cereals, fiber, fish, unsaturated fats, containing antioxidants, vitamins, potassium, omega-3—and reducing red meat and ultra-processed food intake—could prevent obesity, CVD [cardiovascular disease], and inflammation, and promote favorable glycemic, insulinemic, and lipidemic responses. Moreover, the Mediterranean diet and ketogenic diet, or a combination of these diets (MMKD), and increasing consumption of vegetables and green tea catechins, could improve one’s working memory and decrease destabilization of the brain network and the attention domain, preventing cognitive decline. Finally, the Mediterranean diet, supplemented with CoQ or virgin olive oil, or a low-fat diet, also rich in antioxidants, can help reduce the prevalence of atherothrombosis [arterial blood clots], hepatic steatosis, diabetes, and telomere attrition, as well as preventing oxidative and DNA damage. These diets can improve one’s quality of life and increase life expectancy. Moreover, a putative panel of molecular markers would follow the impact of diet/nutrition alterations during aging.”

The biomarkers tested included C-reactive protein, telomere length, HOMA-IR (insulin resistance), cholesterols, fibrinogen, platelet activating factor acetylhydrolase in HDLs, glucose, white blood cells, apolipoproteins, adiponectin, leptin, visceral adiposity index, etc.

Diets mentioned in the article include DASH, modified Alternative Healthy Eating Index, Southern European Atlantic (SEAD), Baltic Sea (a Nordic alternative to the Mediterranean diet), Mediterranean, and ketogenic Mediterranean.

This article is pretty dense reading. For science nerds only!

I was gratified to see several mentions of the ketogenic Mediterranean diet. It deserves more attention from the general public.

Steve Parker, M.D

PS: If you have my Advanced Mediterranean Diet (2nd edition), you already have the Ketogenic Mediterranean Diet. It’s there in addition to the traditional Mediterranean diet.

front cover of KMD: ketogenic mediterranean diet
front cover of Conquer Diabetes and Prediabetes

Dow Jones Futures Fall; Regulators Protect All SVB Deposits, But Bank Stocks Keep Tumbling

Dow Jones futures and S&P 500 futures fell Monday, while Nasdaq futures rose after a flurry of news Sunday evening. The FDIC and other financial regulators announced that all SVB Financial depositors would get access to all funds Monday, while also announcing a plan to limit the contagion. Regulators also closed embattled Signature Bank (SBNY).




X



Treasury yields plummeted while the Fed rate hiked odds faded, but bank stocks continued to sell off, including such as First Republic Bank (FRC), Western Alliance Bancorp (WAL) and Charles Schwabs (SCHW) as regulators stressed they would be no bailouts for shareholders.

President Biden will speak on the banking crisis at 9 am ET.

First Republic stock crashed more than 60% Monday morning, even after saying it got fresh funding from the Federal Reserve and JPMorgan. Western Alliance also is off over 60% as well. Schwab lost 6% despite a Citigroup upgrade. JPMorgan Chase (JPM), which found support on Friday, fell 1% even with a Wells Fargo upgrade. Bank of America (BAC) retreated 3%. The XLF financial ETF fell modestly and the KRE regional bank ETF declined sharply.

The stock market suffered big losses last week as SVB Financial (SIVB) and crypto bank Silvergate Financial (SI) collapsed, triggering intense losses for bank stocks. The major indexes sold off hard, breaking multiple areas of support during the week as many leading stocks also came under pressure.

Dow Jones Futures Today

Dow Jones futures fell 0.7% after surging more than 1% Sunday night. S&P 500 futures sank 0.4% and Nasdaq 100 futures rose 0.%. Futures are active and volatile.

The 10-year Treasury yield, which dived last week on safe-haven flows, tumbled 21 basis points to 3.48%. But the 2-year Treasury yield plunged 50 basis points to 4.9%, as the Fed rate hike odds fall.

Markets are now pricing in just one quarter-point rate hike, with a solid chance that the Fed will pause on March 22. A few days ago, markets expected 50 basis points on March 22, with at least two more quarter-point hikes after that.

Crude oil futures plunged 5%.

Bitcoin rose sharply Sunday and largely held those gains Monday morning. The cryptocurrency tumbled last week on the Silvergate and SVB collapsed.

In other news, Pfizer (PFE) will buy Seagen (SGEN) for $229 a share, with an enterprise value of $43 billion, following weeks of talks. PFE stock fell modestly while SGEN stock jumped nearly 20%. Sanofi (SNY) will acquire Provention Bio (PRVB) for $2.9 billion, or $25 a share. SNY stock was little changed while PRVB stock was more than tripled.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The video embedded in this article discusses market action in depth while also analyzing JPMorgan Chase, Palo Alto Networks and META stock.

FDIC, Regulators Protect SVB Financial Depositors

Shortly after Dow futures opened, the Federal Deposit Insurance Corp. and the Federal Reserve issued a joint statement that SVB Financial’s “[d]epositors will have access to all of their money starting Monday, March 13.” They also announced that Signature Bank, which had a lot of crypto exposure, would be closed due to systemic risks. Signature Bank’s depositors will also be protected.

California regulators shut down SVB Financial and its Silicon Valley Bank subsidiary on Friday, the largest bank failure since Washington Mutual in the 2008 financial crisis.

The FDIC held an auction over the weekend for Silicon Valley Bank, with final bids due Sunday afternoon, according to multiple reports. No winner has been announced.

HSBC Holdings (HSBC) will buy SVB’s UK arm for just over $1.

Meanwhile, the Fed is creating a new financial backstop for other banks. The facility will offer loans of up to one year to banks and other institutions. They’ll have to pledge high-quality collateral such as Treasuries, agency debt and mortgage-backed securities. Notably, that collateral will be valued at par, not marked to market. Banks have been sitting on unrealized debt losses as the Fed rate hikes sent rates soaring over the past year. That was a big fact in SVB Financial’s collapse.

Hundreds of companies, including many venture capital and tech startups, have deposits or business ties to Silicon Valley Bank. There were reports that many would struggle to meet payroll without accessing accounts soon.

Notably, SVB and SBNY shareholders and certain unsecured debtholders will not be protected.

Stocks Near Buy Points

Amid a weak, volatile, uncertain market, investors should not be making new position trades and instead be mostly or entirely in cash. But keep an eye on stocks holding up near buy points. Palo Alto Networks (PANW), Facebook parents Meta Platforms (META), Ulta Beauty (ULTA), Monolithic Power Systems (MPWR) and United Airlines (UAL) are five stocks showing strength, near buy points. PANW stock has formed a handle on a long consolidation, while META stock has a new flat base. ULTA stock is finding support at key levels. Monolithic Power is working on a long cup-with-handle base while UAL stock has retreated from a buy zone.

meanwhile, apples (AAPL) has a new flat base as well. Tesla (TSLA) sold off hard this past week, but did find support at its 10-week line on Friday. TSLA stock is far from being actionable. Wolfe Research downgraded Tesla to peer perform on Monday, saying the SVB collapse added to macro pressures.

Insullet (PODD) will replace SIVB stock in the S&P 500 before Wednesday’s open. PODD stock jumped Friday night.

PANW stock is on the IBD Leaderboard watchlist. MPWR stock is on the IBD Long-Term Leaders watchlist. Monolithic Power, United Airlines and ULTA stock are on the IBD 50. Meta Platforms was Friday’s IBD Stock Of The Day.

Join IBD experts as they analyze leading stocks and market conditions on IBD Live

Stock Market Weekly Actions

The stock market started off higher but quickly reversed lower for major losses on Fed rate hikes fears and later the SVB Financial and Silvergate shutdowns.

Twice on Friday, stocks bounced as Treasury Secretary Janet Yellen expressed confidence in a “resilient” banking system. But the positive momentum quickly faded.

The Dow Jones Industrial Average tumbled 4.4% in last week’s stock market trading. The S&P 500 index sold off 4.55%. The Nasdaq composite skidded 4.7%. The small-cap Russell 2000 dived 8%.

Apple stock fell just 1.7% for the week to 148.50, holding above its 200-day line. But that’s after reversing from Monday’s intraday high of 156.30, nearly hitting AAPL’s 157.48 buy point.

The 10-year Treasury yield plunged 29 basis points to 3.69% this past week, after hitting a 2023 high of 4.09% on March 2. The 2-year yield tumbled 27 basis points to 4.59%, including 31 basis points on Friday and 48 points on Thursday-Friday.

US crude oil futures fell 3.8% to $76.68 a barrel this past week, but did rise on Friday.

ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) plunged just over 6% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) slumped 3.4%. The iShares Expanded Tech-Software Sector ETF (IGV) gave up 5.7%. The VanEck Vectors Semiconductor ETF (SMH) retreated 3%, with MPWR stock an SMH holding.

Reflecting more speculative story stocks, ARK Innovation ETF (ARKK) dived 10.9% last week and ARK Genomics ETF (ARKG) 11.4%. Tesla stock is a major holding across Ark Invest’s ETFs. TSLA fell 12.3% for the week, amid fresh price cuts and safety probes. But shares edged up on Friday.

The SPDR S&P Metals & Mining ETF (XME) sold off 11.1% last week. The Global X US Infrastructure Development ETF (PAVE) retreated 7.1%. US Global Jets ETF (JETS) descended 4.8, with UAL stock a key component. The SPDR S&P Homebuilders ETF (XHB) stepped down 4.85%. The Energy Select SPDR ETF (XLE) gave up 5.3%. The Health Care Select Sector SPDR Fund (XLV) slumped 3.85% to the lowest point since October.

The Financial Select SPDR ETF (XLF) dived 8.5%, with JPMorgan and SCHW stock big holdings. The SPDR S&P Regional Banking ETF (KRE) plummeted 15.7%, its worst weekly loss since the Covid crash in March 2020. SIVB stock and Western Alliance are notable components.

Five Best Chinese Stocks To Watch Now

Market Analysis

The stock market suffered damaging losses this past week, with the major indexes selling off hard and breaking through multiple support levels. The indexes tried to bounce back from Friday’s early losses, briefly turning positive, before tumbling to fresh lows.

The S&P 500, Nasdaq composite and Russell 2000 tumbled through their 21-day lines early in the week and finished desperately below their 50-day and 200-day moving averages. The S&P 500 and Russell 2000 finished Friday below the close of the Jan. 6 follow-through days.

The Dow Jones is at its worst levels since early November.

Fed chief Jerome Powell’s signal that he favors “faster” rate hikes hit the market on Tuesday-Wednesday. But SVB Financial and crypto bank Silvergate Capital rocked banks late in the week.

A Friday morning rebound attempt fizzled as the FDIC announced SVB Financial’s failure.

If bank contagion fears grow, that would be grim for Wall Street and the economy. However, if SVB Financial’s woes are seen as isolated and broader banking fears quickly fade, that could restore overall market confidence. But that would also likely send Treasury yields and the dollar rebounding higher, with the Fed rate hike also increasing odds.

The odds of a half-point Fed rate hiked surged from 30% on Monday to over 80% following Fed chief Powell’s testimony, then fell back below 40% on Friday. The odds fell further over the weekend.

Leading stocks also sold off hard last week. A number of names held up for much of the week, but most of those were struggling by Friday’s close.

Up until Thursday, Friday’s jobs report and the upcoming March 14 CPI inflation report seemed like major events. And they are still important. A relatively tame CPI inflation rate could give Fed’s chief Powell and his colleagues the excuse they need to raise rates by only a quarter-point.

But in the very near term, Wall Street will likely take its cue from the banking sector. So pay attention to banks, from the biggest recent losers such as First Republic to broad ETFs and relative stalwarts such as JPM stock.

JPMorgan was the S&P 500’s second-best stock on Friday, even as SBNY stock, First Republic and Schwab were the worst performers. That’s a sign that investors see JPMorgan as relatively safe. But if JPM stock breaks this past week’s lows, that would be concerning.

Time The Market With IBD’s ETF Market Strategy

What To Do Now

The stock market is selling off hard amid bad news and even greater uncertainty.

This is not a healthy environment. Investors should be largely or entirely on the sidelines, waiting to see how this shakes out. If conditions clear up in a few days or weeks, new buying opportunities will arise.

Build your watchlists with a focus on the stocks showing strong relative strength. If they’re near potential buy points like META stock, Monolithic Power or Palo Alto, great. But that’s not the priority right now.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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Dow Jones Futures Rally Ahead Of Key Inflation Report; First Republic Rebounds 43%