Hey friend,
Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for April 14, 2023
Several bank earnings are out this morning, and they are good. This will help to allay concerns about the next shoe to drop for regional banks owing to the recent bank scare.
Hopefully, these earnings have put bank solvency questions in the rearview mirror and remove this overhang from the market to move forward.
What’s more, inflation data (CPI, PCE, PPI, ISM, retail sales) are all still trending lower, which puts a pause closer, perhaps at the May 3rd Fed meeting.
Several regional Fed Governors have also recently made statements that we may have a “mild recession” at the end of this year, which puts the odds further in favor of a Fed pause in interest rate increases at the May 3rd Fed meeting.
This is all very good news for markets, and assuming the data continues its downtrend, we are in good shape for the market to continue to grind up, albeit not without high volatility until the next Fed meeting.
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A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
I’ve also:
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Charles Green
Senior Market Analyst, Traders Agency
