The major indexes rose Thursday morning as sentiment remains optimistic. Investors appear to believe the worst of the financial crisis is behind us, and volatility levels are starting to fall.
The market is digesting the latest gross domestic product data, which came in at 2.6%, just below the prior figure and consensus estimates of 2.7%, and below the range of the 2.7% to 3% that was projected.
Meanwhile, the most recent jobless claims data came in at 198,000 versus estimates of 195,000. The number was also 7,000 higher than the figure for the previous period.
In this morning’s stock market recap video, I’ll discuss what to expect from Thursday’s GDP report… if the Federal Reserve is going to raise rates or pause… which sector is breaking out hard… if tech has more upside to go… if the banking drama is behind us finally… why I’m cautious about the bond market… plus my top ETF and option pick!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. NEW Scanner and a Debut Trading Session
Lance Ippolito has been working on something behind the scenes for a while now, and it’s finally ready for the grand reveal…
It’s a brand-new options scanner. And what makes it different from anything he’s developed before is its ability to show only the opportunities he’s willing to consider trading!
In other words, it filters out everything that’s not worth the time or money…
And now, Lance is watching it spit out opportunities on First Republic Bank, Mattel, Google and Tesla… just to name a few!
Lance is about to reveal how the scanner works in a special live trading session at 1 p.m. ET today, March 30!
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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.