Stocks ended the day mixed, while Treasuries rallied. 

Investors came off a fourth straight losing session for the Dow Jones Industrial Average which slid more than 200 points. Stocks were weighed down by Disney’s decline a day after it reported poor subscriber numbers. The regional banking sector also saw stress after PacWest Bancorp reported a drop in deposits exacerbated investors’ sentiment.

Jay Woods, Chartered Market Technician & Chief Global Strategist at Freedom Capital Markets shares insights on what's changed in the banking sector, whether regulatory action is needed before confidence returns to the sector and his expectations on rate changes in coming days.

(00:00) Introduction

(01:22) Why markets are trading in a narrow range

(02:17) Impact of banks turmoil on wider sentiment, with PacWest the latest in trouble

(04:17) Are bank stocks oversold?

(05:40) Mismatch between Fed speak & market expectations

(07:45) US debt ceiling discussions keeping investors on their toes



Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

Presenter: Ryan Huang

Stocks ended the day mixed, while Treasuries rallied. 
Investors came off a fourth straight losing session for the Dow Jones Industrial Average which slid more than 200 points. Stocks were weighed down by Disney’s decline a day after it reported poor subscriber numbers. The regional banking sector also saw stress after PacWest Bancorp reported a drop in deposits exacerbated investors’ sentiment.
Jay Woods, Chartered Market Technician &amp; Chief Global Strategist at Freedom Capital Markets shares insights on what's changed in the banking sector, whether regulatory action is needed before confidence returns to the sector and his expectations on rate changes in coming days.
(00:00) Introduction
(01:22) Why markets are trading in a narrow range
(02:17) Impact of banks turmoil on wider sentiment, with PacWest the latest in trouble
(04:17) Are bank stocks oversold?
(05:40) Mismatch between Fed speak &amp; market expectations
(07:45) US debt ceiling discussions keeping investors on their toes
 
Producer: Yeo Kai Ting (<a href="mailto:ykaiting@sph.com.sg">ykaiting@sph.com.sg</a>)
Presenter: Ryan Huang

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

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