The major indexes climbed higher Wednesday morning as investors bank on the worst of the financial crisis being behind us.
Big names like Citigroup Inc. (NYSE: C) and The Goldman Sachs Group Inc. (NYSE: GS) rose, as well as regional banks, causing the SPDR S&P Regional Banking ETF (NYSE: KRE) to bounce more than 1%.
Investors will also have comments from Federal Reserve Vice Chair of Supervision Michael Barr to consider. Barr is scheduled to speak before the House Financial Services Committee at 10 a.m. Wednesday morning on federal regulators’ response to the recent banking crisis and bank failures.
Meanwhile, all eyes will also be on Thursday’s latest gross domestic product number, which will give us insight into the health of the U.S. economy.
In this morning’s stock market recap video, I’ll discuss whether bond yields are heading higher or lower… if the banking fiasco is behind us or just getting started… which three sectors are set to move lower… the biggest report this week and what to expect… one sector that’s picking up steam… plus the stock I’m loving and the one I’m selling!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. I Believe I’ve Cracked the Code to the Stock Market
It involves one specific chart pattern and 146 little-known stocks!
And the best part is it doesn’t matter if we’re in a bull or bear market!
Now, I’m not using this pattern to trade just any old stocks. I’m using it on some of the most explosive tickers in the market.
They’re not speculative biotechs, risky penny stocks or crypto companies… And you won’t find a single one of them in the S&P 500!
I’m so excited about this discovery, I just shared exactly how I trade the pattern and these companies.
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.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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.