3 May 2023
US Markets Wrap: Fundstrat’s Mark Newton expects the VIX to bottom out; healthcare a favourite & tech a camouflage
Stocks tumbled overnight on Wall Street as jitters around contagion in the regional banking sector returned ahead of the Federal Reserve’s rate decision.
Mark Newton, Managing Director & Global Head of Technical Strategy at Fundstrat Global Advisors analyses the banking turmoil, VIX index and what the technicals say about the healthcare, tech & banking sectors.
Presenter: Ryan Huang
Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

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