The major indexes fell Tuesday morning as the debt ceiling debate wages on.
Monday’s negotiations between President Joe Biden and House Speaker Kevin McCarthy failed to end in a resolution, causing investors to grow nervous as the June 1 deadline approaches.
McCarthy described the recent discussion as “productive” and “professional,” indicating that the meeting ended on a more positive tone.
Investors are also awaiting other key market catalysts like Thursday’s gross domestic product number, and the latest earnings report from retail giant Costco Wholesale Corp. (Nasdaq: COST).
In this morning’s stock market recap video, I’ll discuss the biggest report to pay attention to this week… what the odds are of the Federal Reserve raising rates in June… if the bond market is ready to sink or swim… what small caps are telling us about future market action… if tech is ready to trade lower or continue driving the Nasdaq higher… plus the top stocks I love and bottom stocks I hate right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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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.
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On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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.
