The major indexes slipped Wednesday morning as traders weighed the latest round of earnings reports while concern over rising rates grew.

The 2-year Treasury yield rose to 4.3% on fears the Federal Reserve will raise rates at its next meeting on May 3.

Shares of streaming giant Netflix Inc. (Nasdaq: NFLX) fell during premarket trading in response to its latest earnings report. The company beat estimates but fell short on revenue.

Netflix also plans to continue cracking down on password sharing, which it admits may drive subscribers away. The company however projects those subscribers will return and boost third-quarter subscriber growth and revenue.

In this morning’s stock market recap video, I’ll discuss why I believe stocks are overbought… where I see a divergence in the stock market… if the bond market has upside or will break down again… an earnings preview and what to expect in the next few days… plus my top stock to own right now and the stocks I’m avoiding!

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

P.S. This 1 Pattern Is Screaming ‘Buy’ on My Highest-Conviction Stock

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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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Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

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.