The market stumbled Thursday morning as investors kept watch on the debt ceiling discussion and the Federal Reserve’s next move.
Despite hopes that interest rate hikes will soon pause, Dallas Fed President Lorie Logan said recent economic data doesn’t support a pause just yet. The Fed’s next meeting is scheduled for June 14.
Investors are also digesting the latest earnings reports and other company news.
Cisco Systems Inc. (Nasdaq: CSCO) reported a decline in orders, causing shares to fall 4% during premarket trading. Walmart Inc. (NYSE: WMT) beat earnings and revenue estimates, and raised its full-year guidance. Shares rose 1.8% during early morning trading.
In this morning’s stock market recap video, I’ll discuss what’s going on with the Nasdaq… if bonds are set to rise or fall flat… if I’m still defensive on stocks or becoming bullish… what regional banks are up to and why they rallied… which two Fed reports we need to pay attention to right now… plus which ETF I’m targeting and why!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
Stocks are volatile and unpredictable.
Take a look at this year, last year or any year for that matter, and you’ll see what I mean.
But there is one market that’s safer and more reliable than stocks.
It’s not gold, real estate or anything like that… and it’s much larger and older than the stock market.
And trading veteran Celeste Lindman just revealed exactly what it is!
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.