The major indexes slipped lower Monday morning as bank stocks stumbled following last week’s closure of Silicon Valley Bank.
The news added more pressure to an already-strained market following Federal Reserve Chair Jerome Powell’s comments regarding inflation and the need to keep interest rates higher for longer.
This week, investors will watch to see how trouble in the financial sector plays out, as well as awaiting the latest round of inflation data.
We’ll get the latest Consumer Price Index report on Tuesday, with the Producer Price Index and retail sales data coming in on Wednesday.
In this morning’s stock market recap video, I’ll discuss the biggest Fed data on the schedule this week… whether banks will continue to implode or bounce back… which sectors look ready for upside momentum… whether the Dow will remain choppy or shift to trending once again… critical levels for real estate and utilities and whether they’ll hold… plus how to approach the market this week and what seasonality is telling us for the week ahead!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Live Class: Celeste’s Monday Afternoon Market Trick
A lot of investors are afraid right now…
Fed Chair Powell keeps flipping his script, now saying interest rate hikes will be higher than anyone expected.
No one knows what the next round of inflation data will bring.
The market recently touched below its 200-day moving average, and things could go either way.
That’s why Celeste Lindman is going live at 1 p.m. ET today, March 13, to share her simple game plan for navigating the market, no matter what happens.
Sign up for Celeste’s Event 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.
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@example.com!
- 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.