The major indexes climbed higher to start the week as financial stocks rebounded.
First Republic Bank (NYSE: FRC) surged more than 23% during premarket trading while PacWest Bancorp (Nasdaq: PACW) also gained more than 10%. These moves caused the SPDR S&P Regional Banking ETF (NYSE: KRE) to rise more than 3%.
Investors are looking to move on from this month’s banking crisis that ignited in the wake of Silicon Valley Bank’s collapse. And despite the crisis, the S&P 500 is set to end the month of March flat, and close the first quarter of 2023 up 3%.
In this morning’s stock market recap video, I’ll discuss the biggest Fed data of the week and why it’s critical… how the global markets are dealing with the banking crisis… whether now is the time to move into stocks or continue to wait… the impact of COVID-19 on China and whether the country is recovering… which sector I’m super bullish on right now and why… plus how to navigate the markets during turbulent times!
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 the game.
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 27, for a special presentation 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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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.