The market is little changed following news that the U.S. House passed a debt ceiling bill and sent it to the Senate.

The Fiscal Responsibility Act passed with bipartisan support, and is key in raising the debt ceiling and preventing the U.S. from defaulting.

Investors have been concerned about the effects of a possible U.S. debt default and its impact on the stock market. The month of May also saw a strong rally in artificial intelligence-related stocks, with the Nasdaq ending the month up 5.8%.

All attention now turns to the Federal Reserve’s upcoming meeting starting June 13, and whether or not we’ll see another rate hike.

In this morning’s stock market recap video, I’ll discuss how to navigate the tech sector… a few sectors where money appears to be moving in… where investors are looking to put their money next… how I’m trading the bond market right now… what earnings are on the table later today… plus, how to navigate the stock market in light of debt ceiling negotiations!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos – we will respond!

P.S. You’re Invited! Complementary Bootcamp Session – The M-Spike

I’ve been trading for over three decades.

And in that time, I’ve seen a lot of different trading strategies come and go.

But one strategy has consistently outperformed the market…

I call it “The M-Spike.”

The M-Spike is a unique pattern that can be found on any chart, and it’s a sign that a stock is about to make a BIG move!

So I’m hosting a free bootcamp training session at 1 p.m. ET TODAY, June 1, to reveal this pattern to traders for the first time!

Save Your Seat Here

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]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.