Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

The Halftime Show: Inflation Back in the Driver’s Seat

by February 15, 2024
February 15, 2024
The Halftime Show: Inflation Back in the Driver’s Seat

Yesterday, the market saw a massive selloff of over 2% at market lows for the SPY and the NDX. However, the rebound at the end of the day was promising, though not enough to change sentiment. What this means is that the selloff came from the hot CPI print, so inflation ain’t going away. On this week’s edition of StockCharts TV‘s Halftime, Pete discusses the overbought nature of the markets using the bullish percent index.

One key sector that Pete is concerned about is the regional banking sector. He reviews the $KRE ETF and its relationship to the banking index. If things continue to unfold like we saw in the $NYCB news a week ago, Pete is calling for rough sledding in this sector. His overview of the market is that the uptrend is intact, but that doesn’t mean we can’t see a lower pullback, which Pete calls a buying opportunity.

This video originally premiered on February 14, 2024. You can watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV.

You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.

0
FacebookTwitterGoogle +Pinterest
previous post
Market Pullback? Follow These Charts!
next post
Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings

Related Posts

Surprise Negative Divergence on Nasdaq Advance-Decline Line

March 27, 2024

Wyckoff at Work in the Intraday Timeframe

June 4, 2024

Gold Is Doing Great!

May 18, 2024

The Best Five Sectors, #10

March 11, 2025

Stocks Continue Feeling The Pressure From Higher Rates

October 12, 2023

BEWARE! META, TSLA, AMZN, MSFT & AAPL Report...

January 27, 2025

The Real Drivers of This Market: AI, Semis...

July 22, 2025

S&P 500 Earnings Results Are In for 2024...

July 3, 2024

My Downside Target for the S&P 500

March 9, 2025

Remember Those 3 Signs of Inflation to Watch?

January 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 © 2025 moneycontrolplace.com | All Rights Reserved