The major indexes stumbled Wednesday morning as the most recent employment data came in well below expectations, causing investors to consider the strength of the U.S. economy.
The ADP private payrolls report showed 145,000 jobs added for the month of March. That’s below both the previous month’s number of 261,000, and the estimate for 210,000.
These numbers suggest the jobs market is cooling off and the Federal Reserve’s interest rate hikes are working as intended.
In this morning’s stock market recap video, I’ll give an overview of when I use the 20-day versus 50-day momentum levels… which sectors are most vulnerable right now… why bonds and energy stocks are going higher — it’s not why you think… what to expect from Fed data in the next few days… global market analysis and why it’s important to look at the big picture… plus the top long stocks and bottom weak stocks I’m looking to trade right now.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The ‘Fed Pivot’ Is Finally Here
In the past two weeks, $400 BILLION has been injected into the economy.
And because of this move, a rare buy signal is flashing on one group of market-leading stocks!
That’s why I’m going live at 1 p.m. ET on Thursday, April 6, for a special presentation…
I’ll reveal how to potentially capitalize on the explosive returns we could see after interest rates peak out.
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.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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.