by rogerscott | Mar 24, 2023 | Daily Videos
The major indexes slid lower again on more banking sector concerns… Deutsche Bank shares plummeted in Europe, while U.S.-listed shares fell about 14% in premarket trading before rising into the open on news that its credit default swaps jumped. The moves raised...
by rogerscott | Mar 23, 2023 | Daily Videos
The major indexes moved higher Thursday morning following the Federal Reserve’s 0.25% rate hike Wednesday afternoon. The Fed also indicated it plans to ease back, and that just one more hike could be in the works for the rest of 2023. Chair Jerome Powell also said...
by rogerscott | Mar 22, 2023 | Daily Videos
Before we get to today’s market outlook video, I wanted to let you know that I’m getting ready to go live for this week’s roundtable discussion at 10 a.m. ET. Don and I will be joined by Celeste Lindman, and with another interest rate decision due out of the Federal...
by rogerscott | Mar 21, 2023 | Daily Videos
The major indexes rose as regional banks led the market higher to start the day Tuesday. Regional banks got a boost following news that the government will provide further guarantees of deposits should the banking crisis worsen. Beaten-down First Republic Bank...
by rogerscott | Mar 20, 2023 | Daily Videos
The major indexes were mixed Monday morning as traders considered the strength of the global financial sector in the wake of the recent banking crisis. News broke that UBS will take over struggling Credit Suisse, helping regional banks to recover from last week’s...
by rogerscott | Mar 17, 2023 | Daily Videos
The major indexes fell Friday morning as banking sector concerns linger. Credit Suisse continues to struggle as investors consider the bank’s announcement it will borrow nearly $54 billion from the Swiss National Bank. Meanwhile, First Republic Bank (NYSE: FRC) slid...