Are Banks Already Broken? (5/11/23)

(5/11/23) Markets rallied on Wednesday's CPI report showing a softening of inflation, but is more inflation on the way? Markets are being dragged lower this morning on concerns over another potential bank failure. This time, it's PacWest, a regional bank feeling the pressures of depositor flight. With the NASDAQ still positive, we're looking for money flows into Technolgy stocks this morning. Markets remain confined to a trading range in which we've been in for the past month. The market will make a defining move in one direction or the other very soon. However, because we have not seen a good correction yet, any move higher will be somewhat limited. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=qMfglvEsulg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #CPI #PPI #InflationReport #PacWest #Banking #DepositorFlight #Money #Investing