Before we get to today’s stock market outlook, I want to let you know that I’m appearing on “Roundtable With Don Yocham” alongside Celeste Lindman and Jeffrey Muller at 11 a.m. ET today, May 31!

Join us here:

We’ll discuss whether the Federal Reserve pivot is in the rearview mirror, including the latest news regarding a potential 0.25% rate hike. Jeffrey will also share his ground-floor opportunity in AI, Celeste will take us through how she uses cycles to approach short-term options trading with a long-term view, and I’ll reveal some beaten-down sectors primed for a reversal!

The market was down Wednesday morning as traders awaited news of debt ceiling progress out of Washington.

The Nasdaq is up 6.5% for the month as we head into the last trading day of May. Part of the reason for this outperformance is the excitement surrounding artificial intelligence.

The current deal to raise the debt ceiling has advanced to the House floor, with the vote scheduled for 8:30 p.m. ET Wednesday.

The AI frenzy pushed the market cap for semiconductor manufacturer Nvidia Corp. (Nasdaq: NVDA) over $1 trillion on Tuesday. But with just a handful of stocks behind the recent surge, many investors are worried the trend doesn’t have the strength to continue long term.

In this morning’s stock market recap video, I’ll discuss if the debt ceiling is still driving this market… if tech is done trading higher… if bonds are set to rally or fall apart… the two sectors that are overdone to the downside… an update on the global economy and what it means for the United States… plus my top two long trades and two shorts for today’s session!

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

P.S. If You Missed Celeste’s May Prediction, You Have to See This… 

Trading veteran Celeste Lindman is going live at 1 p.m. ET today, May 31, for a special presentation!

She’s going to reveal the one market that’s safer and more reliable than stocks!

It’s not gold or real estate… and it’s much larger and older than the stock market.

She calls them “Liberty Trades,” and with this new strategy, it doesn’t matter which direction the major indices are moving.

Celeste hit the nail on the head with her May prediction… and you don’t want to miss what she’s predicting for June!

Save Your Seat Here

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. 

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.