The major indexes moved higher Thursday morning following the Federal Reserve’s 0.25% rate hike Wednesday afternoon.
The Fed also indicated it plans to ease back, and that just one more hike could be in the works for the rest of 2023.
Chair Jerome Powell also said the Fed wasn’t considering rate hikes at this time.
Some of his comments caused fear to grip the markets Wednesday afternoon, however.
Powell said the recent collapse of Silicon Valley Bank could cause financial conditions to tighten. Meanwhile, Treasury Secretary Janet Yellen said regulators aren’t considering a guarantee for all U.S. deposits without congressional approval.
In this morning’s stock market recap video, I’ll discuss if stocks are set to bounce higher or sink lower… the major levels on key indices… an update on the global economy and what to expect next… an update on Fed data and why the market dropped last night… a few bargain stocks I’m finding right now after Wednesday’s sell-off… an extensive momentum look at ETF sectors… plus my top ETF and options pick!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The Only Hour of the Day You Should Care About
My good friend Chuck Hughes is about to expose one of Wall Street’s best-kept secrets…
It’s a new way to potentially get ahead of the game.
The way Wall Street invests is changing, moving all of the biggest transactions to a certain hour of the day…
And while they’ve kept this secret buried for months — even years now — Chuck and I just held a special presentation to pull back the curtain and reveal how the rest of us can target these Power Hour stocks.
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.