More Banking Worries are Trouble for Stocks
As most readers of our DailyWealth know... We've been sharing proof lately that this latest bull market has much more room to run. But many readers continue to worry about further risks posed to stocks by undercapitalized U.S. banks and a hawkish Federal Reserve. Well, those readers' fears were confirmed when rating agency Moody's took various actions on 27 U.S. banks in the last two weeks... And placed six big banks on review for potential downgrades – including U.S. Bancorp, Bank of New York Mellon, and Truist Financial. Now, I believe that even a fresh wave of regional bank worries won't hold this bull market back. But when it comes to this year's banking failures, there's only one analyst I know of who's gotten the story entirely right. In November of last year, Marc Chaikin warned 320,000 of his followers that we'd witness a "RUN on the banks in 2023." And his Power Gauge system warned to sell Silicon Valley Bank, First Republic, Silvergate, and Signature Bank as much as a year before the first wave of bank failures hit in March. So, we asked Marc what he's seeing in his Power Gauge today and whether Moody's recent downgrades should be taken as a sign of concern. Marc was kind enough to film a brand new 5-minute update at his home in Connecticut to explain exactly what he thinks is coming next for U.S. banks and the overall market. If you're worried about what's next for banks and how it will impact this bull market... Click here to see what Marc says will happen next. Good investing, Brett Eversole | 
