Payne's Perspective: March 13, 2023: Will Banks Tap Out?

3/13/2023
By Charles Payne, CEO & Principal Analyst

Carnage Mounts

The bear wasn’t in hibernation, but since October 13, 2022, there was a sense perhaps the worst was over. Last week, however, was the worst week for the market in 2023. Market breadth underscores the carnage.

Market breadth	NYSE	NASDAQ
Advancers	389	1.043
Decliners	2,871	4,031
52-week highs	177	244
52-week lows	236	653
Up volume	4.6 billion	8.4 billion
Down volume	16.5 billion	18.2 billion

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Charles Payne
Wall Street Strategies

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