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The major indexes fell Friday morning as banking stocks came under pressure and investors considered recent employment data.

Silicon Valley Bank is facing big bond losses, while SVB Financial announced plans to raise $2 billion to offset losses from bond sales. The news weighed on the financial sector and banking stocks, sending the S&P’s financial sector down more than 4% Thursday.

Meanwhile, February payrolls came in at 311,000 versus 225,000 expected, indicating the labor market remains strong and causing investors concern regarding future rate hikes.

In this morning’s stock market recap video, I’ll discuss exactly why the markets went south yesterday… how algos are affecting the market again… if there’s much downside left before we rally… which sectors are showing upside potential right now… which sectors have more downside to go… the best index for upside opportunities right now that is not the S&P 500… and how I’m trading the current market!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Warren Buffett Is in on the No. 1 Energy Supercycle Play!

Warren Buffett just bought 6 million shares of this energy play, and when the Oracle of Omaha makes a move, it speaks volumes.

With the energy crisis in full swing, even billionaires are hedging their money.

That’s why Jeff Zananiri is calling an emergency meeting. He’s going live at 10 a.m. ET today to reveal not one, but TWO tickers for potential energy plays.

Join Jeff Here

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 Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.

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]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.