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 (NYSE: FRC) jumped almost 23%, while the SPDR Regional Banking ETF (NYSE: KRE) gained almost 6%.
With Federal Reserve Chair Jerome Powell preparing to speak on Wednesday, investors expect the central bank to pursue less aggressive rate hikes, with a 0.25% rate hike most likely.
In this morning’s stock market recap video, I’ll discuss which sector is set to drop and why… what to expect from the bond market in the next few days… how to prepare for Wednesday’s big Fed announcement… how to gauge current market action right now… if real estate stocks are ready to fall or rise… which stocks show the most vulnerability right now… plus three stocks I’m buying!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The Only Hour of the Day You Should Care About
My good friend Chuck Hughes is about to expose one of Wall Street’s best-kept secrets…
It’s a new way to potentially get ahead of Wall Street.
The way Wall Street invests is changing, moving all of the biggest transactions to a certain hour of the day…
And while they’ve kept this secret buried for months — even years now — Chuck and I are going live at 1 p.m. ET today, March 21, to pull back the curtain and reveal how the rest of us can target these Power Hour stocks.
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.