Charles Green here, Senior Market Analyst here at Traders Agency.
Welcome to Market Pulse 360.
Every time there’s something important going on in the markets I think you need to know, I’ll send you a short update distilling all the critical info into a couple short paragraphs that’ll take you less than a minute to read.
At the end of every update, I’ll also give you a brief recommendation on what I think is the ideal strategy for succeeding in the current market.
So, go ahead and check out today’s Market Pulse 360 – and I’ll tell you a bit more about myself at the end.
Market Pulse 360 for March 14, 2023
Markets have digested yet another bitter pill with the Silicon Valley Bank (SVB) debacle; the NASDAQ finished positive. This overshadowed the CPI Report this morning, which was in-line (6% vs 6% YoY) on the headline number and and in-line this morning (5.5% vs. 5.5%), calming fears that the inflation is increasing.
This is good news for the market, and futures are trading up.
Because of the possibility of contagion with the closing of SVB, which occurred as a result of the pace in rate hikes since March 2022, the Fed will likely pause interest rate increases sooner or only raise 0.25% at the FOMC meeting next week.
Financial uncertainty has a deflationary effect, because new regulation and oversight will be imposed, and banks will do less lending to fuel growth in the economy.
Despite last month’s economic reports (CPI, PCE, Jobs Reports) that were higher than expected, the trend with inflation and wage growth has been down since the Fed started raising interest rates in March 2022, even if the pace has slowed. This bodes well for markets going forward in this new uptrend, which is still intact.
Next week’s FOMC meeting on Wednesday will be key to the market. However, it’s very encouraging that the market continues to hold up, with NASDAQ at major support (11,000), despite the hits it has taken in the past month.
Insider Effect – Again, SVB’s CEO sold $3.6M in shares right before the bank’s collapse. And he wasn’t the only insider to do so.That’s why following the insiders is like a cheat code for defying the market trend. And Ross Givens has developed a complete system for exploiting these insiders for your own gain.
A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Senior Market Analyst, Traders Agency