In this week’s edition of StockCharts TV‘s Halftime, Pete discusses the noise that’s been driving the markets, starting with Silver Gate and moving in to speculation on Silicon Valley and Signature banks. Although he can’t believe it, he talks about the idea of Technology becoming a safe haven in this murky, dark, storm that we’re seeing in the banking headlines. As he moves into the charts, he discusses the perk up in defensives, and shares some charts showing weakness in relative strength.
This video was originally broadcast on March 20, 2023. Click on the above image to watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube. You can also watch on our on-demand website, StockChartsTV.com, using this link.
New episodes of Halftime by Chaikin Analytics air Mondays at 1:15pm ET on StockCharts TV. You can view all previously recorded episodes at this link.
Pete Carmasino is the Chief Market Strategist at Chaikin Analytics.