Whilst US markets closed last week on a high, Asian markets were more circumspect overnight and sentiment in China was dented by declining industrial profits data. Although it has been announced that First Citizens Bank & Trust Co is buying Silicon Valley Bank’s deposits and loans, nervousness persists in the banking sector. In today's episode, our Head of Technical Analysis, Mensur Pocinci, urges investors not to bottom-fish and explains why he’s watching gold and equities right now.
00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)
03:21 Technical update by Mensur Pocinci (Head of Technical Analysis)
06:06 Closing remarks by Bernadette Anderko (Investment Writing)