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 market recap video, SVB was an isolated incident. The market reaction was overdone… And sure enough, we’re seeing the sector start to bounce back.
We also had the latest Consumer Price Index data Tuesday morning. Not only did numbers come in at consensus estimates, this month’s estimates were lower than last month’s, meaning we’re moving in the right direction.
In this morning’s stock market recap video, I’ll discuss if financial stocks are done falling or are just getting started… if markets are overreacting to the current downside pressure… the most likely scenario for the bond market in the next few sessions… an update on today’s CPI report and what investors should consider… whether the S&P 500 is at support levels and why… how to navigate the current market cycle… plus which sectors I believe are overdone, and the top stocks I’m focused on right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Jack’s ‘Two-Step Trade’
There could be a recession around the corner…
That’s why 35-year trading vet Jack Carter just held a special training session.
Jack’s created a new strategy to take advantage of the unique market we’re in. He calls it his “Two-Step Trade.”
It’s a way to target potential extra income in the stock market, each and every week, with a 97% success rate!
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 [email protected]!
- 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.