The major indexes rose to start the shortened trading week Tuesday morning on positive news regarding the debt ceiling debate.
President Joe Biden and House Speaker Kevin McCarthy appeared to reach a deal over the long Memorial Day weekend on raising the U.S. debt ceiling.
With June 5 — the earliest date at which the U.S. could default on its debt — looming, Congress could hold a vote as early as Wednesday.
The market was also lifted by semiconductor manufacturer Nvidia Corp. (Nasdaq: NVDA), which gained almost 5% on news that the company has reached a $1 trillion market cap.
In this morning’s stock market recap video, I’ll discuss the biggest threats and opportunities for the week ahead… one report we can’t afford to miss this week… an update on the bond market in light of the debt ceiling debacle… how to navigate the market for the week ahead… the top earnings this week with implied volatility study… and the two sectors I’m growing more bullish on, and one sector that’s overstaying its welcome!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
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On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
