The major indexes slipped Thursday morning as regional banks struggled amid fears of a growing banking crisis in the U.S and Europe.
Credit Suisse announced plans to borrow up to $54 billion from the Swiss National Bank following reports the Saudi National Bank, its largest investor, would not provide more funding.
While the news offered Credit Suisse some relief, fear rippled through the banking sector. First Republic Bank fell 33% in premarket trading, dragging the SPDR S&P Regional Banking ETF (NYSEArca: KRE) down 2.4%.
In this morning’s stock market recap video, I’ll discuss why I still believe the bank fiasco is overdone… which sectors show the most upside potential… which Federal Reserve data we need to pay close attention to today… whether bonds should stay near current levels or trade higher once again… how to navigate the current market cycle effectively… the lowest hanging fruit in terms of energy stocks, plus which option I like the most right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. More Important Than Banks Crashing!
Forget the news surrounding the recent bank failures, forget the Federal Reserve…
Something even bigger is set to happen behind the scenes this week, and it could cause some stocks to soar, and others to plummet.
That’s because Wall Street is obligated to buy certain stocks and sell others.
How does it work, and what can you do to protect yourself?
Jeff Zananiri is about to reveal just that during a special live session at 1 p.m. ET today, March 16!
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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.