• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Regional Banks — From March 6th to March 9th
Stock

Regional Banks — From March 6th to March 9th

by March 10, 2023
by March 10, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

We could call this “3 Days to All Hell broke loose.”

We could call this “We told you so.”

We could call this, “Welcome to the incredible forecasting of the Economic Modern Family.”

We could call this, “Hello delusional semiconductors.”

Whatever you wish to call it, the March 6th post called “Retail and Regional Banks Will Call the Shots” was heard.

From the March 6th Daily:

“The higher rates on T-Bills, CDs, and other bank deposits have been attractive for consumers and businesses. However, that is costly for the US banking industry, already experiencing a slowdown in lending. With banks having to raise the rates for deposits, bank profits could fall. And, as we know, the Regional Banks character is called Prodigal Son for this very reason. First, they (banks) hoard your capital and pay you very little interest, and then they come back asking for forgiveness.”

 

Here is what Regional Banks looked like 3 days ago.

Closing at $59.55 on March 6th, our warning that the Regional Banks were underperforming the stronger sectors like Semiconductors, and thus could haunt the recent rally, shows the power of the Economic Modern Family.

So why did KRE crash hard? The nail today was the news on SVB Financial (SIVB) and Silvergate (SI). SIVB fell 60%, while SI fell 42%. SIVB sold off a $21 billion bond portfolio for a huge loss to shore up liquidity. SI announced liquidation and a wind down, showing the impact from the SBF debacle. And this is without the strong possibility of more fallout.

One key takeaway. We like to see all the Economic Modern Family firing in the same direction. Since their creation in 2014, we have often warned that a family in disarray is one that gives us the ultimate risk off signal.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

IT’S NOT TOO LATE! Click here if you’d like a complimentary copy of Mish’s 2023 Market Outlook E-Book in your inbox.

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish goes through the macro through key sectors and commodities in this appearance on CMC Markets.

Mish joins Mary Ellen McGonagle (of MEM Investment Research) and Erin Swenlin (of DecisionPoint.com) on the March 2023 edition of StockCharts TV’s The Pitch.

Mish talks women in finance for International Women’s Day on Business First AM.

Mish focuses on defense stocks in this appearance on CNBC Asia.

Mish points out a Biotech stock and a Transportation stock to watch if the market settles on Business First AM.

Mish joins Maggie Lake on Real Vision to talk commodities and setups!

Read about Mish’s article about the implications of elevated sugar prices in this article from Kitco!

While the indices remain range bound, Mish shows you several emerging trends on the Wednesday, March 1 edition of StockCharts TV’s Your Daily Five!

Mish joins Business First AM for Stock Picking Time in this video!

See Mish sit down with Amber Kanwar of BNN Bloomberg to discuss the current market conditions and some picks.

Click here to watch Mish and StockCharts.com’s David Keller join Jared Blikre as they discuss trading, advice to new investors, crypto, and AI on Yahoo Finance.

In her latest video for CMC Markets, MarketGauge’s Mish Schneider shares insights on the gold, the S&P 500 and natural gas and what traders can expect as the markets remain mixed.

Coming Up:

March 13th: Mish on TD Ameritrade with Nicole Petallides

March 14th: F.A.C.E. Forex Analytix with Dale Pinkert

March 16th: The Final Bar with Dave Keller, StockCharts TV

And down on the road

March 20th: Madam Trader Podcast with Ashley Kyle Miller

March 22nd: The RoShowPod with Rosanna Prestia

March 24th: Opening Bell with BNN Bloomberg

March 30th: Your Daily Five, StockCharts TV

March 31st: Festival of Learning Real Vision “Portfolio Doctor”

April 24-26: Mish at The Money Show in Las Vegas

ETF Summary

S&P 500 (SPY): Unconfirmed Distribution Phase — 390 pivotal.Russell 2000 (IWM): Unconfirmed Distribution Phase — 182 pivotal.Dow (DIA): Unconfirmed Distribution Phase — 324 pivotal.Nasdaq (QQQ): 284 big support 300 pivotal.Regional Banks (KRE): Broke the 80-month MA–1st time since COVID.Semiconductors (SMH): 240 pivotal, 248 key resistance.Transportation (IYT): Unconfirmed Warning Phase; 230 pivotal.Biotechnology (IBB): 125-135 trading range.Retail (XRT): 64.00 the 200-DMA — make or break.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

You Might Also Like
  • At the Edge of Chaos: Has the Game Changed? Possible Buy Signal for Stocks Emerges
  • Banks, Well, Are They in the Bank??
  • Wage Inflation: The Stats and the Underlying Implications
  • Use ADX to Define WHAT to Do
Share
0
FacebookTwitterPinterestWhatsapp

previous post
In New Jersey, cancer-stricken casino dealers push for Atlantic City smoking ban
next post
Semtech Unveils New Brand Reflecting Company’s Vision to Enable a Smarter, More Connected and Sustainable Planet

You may also like

One Month of Positive Seasonality Remaining — OBV Says, “Maybe...

March 28, 2024

Sensitive Sectors Continue to Prop Up the S&P 500

October 16, 2023

Key Levels for AAPL, AMZN, NVDA — Will This Market...

March 24, 2025

Tips n’ Tricks to Enhance Your Chart Annotating

May 26, 2023

MEM TV: Nasdaq Close to New Uptrend with These Bullish...

August 26, 2023

Arista Networks: A Profitable Tech Stock That Has Room to...

November 1, 2023

Boston Scientific’s Record Surge: Here’s How I Found It

January 9, 2025

Silver Cross Index Tops Beneath Signal Line on SPY

March 28, 2025

Equities Remain in Strong “Go” Trend as Tech Returns to...

December 9, 2024

Breadth is Not Keeping Pace with the Bounce

September 12, 2023

One Month of Positive Seasonality Remaining — OBV Says, “Maybe...

March 28, 2024

Sensitive Sectors Continue to Prop Up the S&P 500

October 16, 2023

Key Levels for AAPL, AMZN, NVDA — Will This Market...

March 24, 2025

Tips n’ Tricks to Enhance Your Chart Annotating

May 26, 2023

MEM TV: Nasdaq Close to New Uptrend with These Bullish...

August 26, 2023

Arista Networks: A Profitable Tech Stock That Has Room to...

November 1, 2023

Boston Scientific’s Record Surge: Here’s How I Found It

January 9, 2025

Silver Cross Index Tops Beneath Signal Line on SPY

March 28, 2025

Equities Remain in Strong “Go” Trend as Tech Returns to...

December 9, 2024

Breadth is Not Keeping Pace with the Bounce

September 12, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

      May 25, 2025
    • Week Ahead: NIFTY Stays In Technically Challanging Situation; Sector Rotation Shows Likely Change In Leadership

      May 24, 2025
    • United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

      May 24, 2025
    • Trump clears Nippon merger with U.S. Steel

      May 24, 2025
    • 3 Stocks to Watch While Everyone’s Staring at NVIDIA

      May 24, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,740 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,444 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,428 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,403 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,283 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,097)
    • Investing (538)
    • Stock (2,569)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Why Trump’s iPhone tariff threat might not be enough to...

      May 25, 2025
    • Week Ahead: NIFTY Stays In Technically Challanging Situation; Sector Rotation...

      May 24, 2025
    • United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union...

      May 24, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,097)
    • Investing (538)
    • Stock (2,569)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    DexCom Stock Rises From the Ashes:...

    January 17, 2025

    Sector Spotlight: Remarkably Strong Sector Rotation...

    June 13, 2023

    The Halftime Show: Inflation Back in...

    February 14, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here