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...
by rogerscott | Mar 16, 2023 | Daily Videos
The major indexes slipped Thursday morning as regional banks struggled amid fears of a growing banking crisis in the U.S and Europe. Credit Suisse announced plans to borrow up to $54 billion from the Swiss National Bank following reports the Saudi National Bank, its...
by rogerscott | Mar 15, 2023 | Daily Videos
The major indexes slipped Wednesday morning as Credit Suisse tumbled to an all-time low. News hit that the Saudi National Bank, Credit Suisse’s largest investor, could not provide further funding, causing U.S.-traded shares of Credit Suisse to fall more than 25%...
by rogerscott | Mar 14, 2023 | Daily Videos
The market bounced Tuesday morning as regional banks recovered from Monday’s carnage on top of good inflation data. The Silicon Valley Bank situation caused fear to spread through the Financial sector, unfairly punishing bank stocks. As I said in Monday’s stock...
by rogerscott | Mar 13, 2023 | Daily Videos
The major indexes slipped lower Monday morning as bank stocks stumbled following last week’s closure of Silicon Valley Bank. The news added more pressure to an already-strained market following Federal Reserve Chair Jerome Powell’s comments regarding inflation and...