The major indexes slipped lower Tuesday morning as banking crisis concerns ease while investors turn their attention back to inflation and rising interest rates.
Bond yields rose, with the 2-year U.S. Treasury note rate topping 4% and causing investors to once again wonder if higher rates will tip the economy into a recession.
All eyes are on this week’s Consumer Confidence, gross domestic product and Consumer Sentiment reports, which will give us more information about the health of the economy and the effects of the Federal Reserve’s interest rate hikes.
In this morning’s stock market recap video, I’ll discuss why I believe bonds will drop like a rock… which sectors will be impacted the most… which stocks are set to fall and which ones are set to rise… if the banking fiasco is behind us… plus what to expect ahead of the GDP report on Wednesday.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. I Believe I’ve Cracked the Code to the Stock Market
It involves one specific chart pattern and 146 little-known stocks!
And the best part is it doesn’t matter if we’re in a bull or bear market!
Now, I’m not using this pattern to trade just any old stocks. I’m using it on some of the most explosive tickers in the market.
They’re not speculative biotechs, risky penny stocks or crypto companies… And you won’t find a single one of them in the S&P 500!
I’m so excited about this discovery, I just shared exactly how I trade the pattern and these companies.
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.
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.
