by rogerscott | Mar 28, 2023 | Daily Videos
The major indexes slipped lower Tuesday morning as banking crisis concerns ease while investors turn their attention back to inflation and rising interest rates. Bond yields rose, with the 2-year U.S. Treasury note rate topping 4% and causing investors to once again...
by rogerscott | Mar 27, 2023 | Daily Videos
The major indexes climbed higher to start the week as financial stocks rebounded. First Republic Bank (NYSE: FRC) surged more than 23% during premarket trading while PacWest Bancorp (Nasdaq: PACW) also gained more than 10%. These moves caused the SPDR S&P...
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...