The markets are flat to start the week as investors await news of a debt ceiling deal.
“I’m hopeful. I think the negotiations are very active,” Treasury Secretary Janet Yellen said of avoiding a default. “I’m told they have found some areas of agreement.”
Meanwhile, Monday morning’s Empire State Manufacturing survey data came in at -31.8, well below estimates of -5, revealing that manufacturing activity in New York has collapsed.
Investors are waiting to see where Thursday’s Philadelphia Fed Manufacturing Index data comes in, as well as Tuesday’s retail sales and industrial production data.
In this morning’s stock market recap video, I’ll discuss the debt ceiling debacle and whether it will be resolved soon… why the long bond is trading lower when the Federal Reserve has no intent on raising rates… if the tech sector is moving higher or it’s all a smoke screen… which sectors are on my chopping block and which ones are set to rise… the biggest news reports this week you can’t afford to miss out on… plus how to gauge regional bank stocks right now for the best short opportunity!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The 1 Market That’s Stood the Test of Time
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.
What is it?
Find out during trading veteran Celeste Lindman’s groundbreaking, free presentation at 1 p.m. ET this Wednesday, May 17!
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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 firstname.lastname@example.org!
- 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.