by rogerscott | May 10, 2023 | Daily Videos
Before I get to Wednesday’s market outlook, I wanted to let you know that I’ll be joining the Roundtable with Don Yocham alongside Jack Carter and Scott Welsh at 11 a.m. ET today! We’ll be talking inflation, investors’ struggles with FOMO — the fear of missing...
by rogerscott | May 9, 2023 | Daily Videos
The major indexes slid lower Tuesday morning as inventors awaited the latest inflation data and news regarding the current debt ceiling debate. President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet at 4 p.m. ET Tuesday afternoon to discuss the...
by rogerscott | May 8, 2023 | Daily Videos
The major indexes are mixed to start the week as investors await key inflation data. Regional bank stocks are also recovering. The SPDR S&P Regional Banking ETF (NYSE: KRE) rose 2.6% premarket while PacWest Bancorp (Nasdaq: PACW) jumped 31% after announcing a...
by rogerscott | May 5, 2023 | Daily Videos
The major indexes rose Friday morning on a regional bank rebound and Apple earnings beat. JPMorgan Chase & Co. (NYSE: JPM) upgraded Western Alliance Bancorporation (NYSE: WAL), Zions Bancorporation (Nasdaq: ZION) and Comerica Inc. (NYSE: CMA) to overweight,...
by rogerscott | May 4, 2023 | Daily Videos
The major indexes dropped Thursday morning as fears concerning banks returned in a big way. PacWest Bancorp (Nasdaq: PACW) plummeted more than 41% on news that it’s considering strategic options. Meanwhile, the SPDR S&P Regional Bank ETF (NYSE: KRE) dropped 3.5%...
by rogerscott | May 3, 2023 | Daily Videos
The major indexes rose Wednesday morning as investors waited to hear from the Federal Reserve. The Federal Open Market Committee is expected to make its latest policy decision and raise interest rates 0.25% at 2 p.m. ET today. Chair Jerome Powell will hold a news...