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

Complimentary Edition of the DecisionPoint “Weekly Wrap”

October 21, 2023

Navigating Uncertain Times: Market Recap with Mish Schneider

October 10, 2023

Extreme Breadth Readings Say Short-Term Bearish, Long-Term Bullish

December 16, 2023

BULLISH on These Options Trade Ideas

February 4, 2025

Larry Williams on the Fed, Interest Rates &...

May 28, 2025

Is There “Blood in the Streets” for August...

August 22, 2023

Watch the Ebb and Flow — This Market...

July 21, 2023

The Fourth Bitcoin Halving Is Upon Us: Is...

March 30, 2024

The Only Setup That You’ll Ever Need

July 12, 2023

Coinbase Stock Didn’t Crash, But the Trade Still...

March 21, 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

    • How I Triple My Returns With 3x Leveraged ETFs!

    • How to Find Compelling Charts in Every Sector

    • EVs Now Emit 73 percent Less Than Gasoline Cars Over Their Lifetime, Says ICCT Study

    • Cygnus Metals Limited: Issue of Performance Rights

    • FPX Nickel Announces Share-Based Compensation Grant

    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

    Categories

    • Business (1,287)
    • Investing (2,662)
    • Politics (3,699)
    • Stocks (1,711)
    • 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