Before we get to today’s stock market outlook, I want to let you know I’m going live at 11 a.m. ET on today’s Roundtable With Don Yocham alongside Celeste Lindman and Garrett Baldwin.
We’ll talk about the looming debt ceiling’s drop dead date, regional banks, recession, oil prices, small caps… and I’ll highlight where the market is setting up some great potential short opportunities!
Join us here at 11 a.m. ET today, May 17: https://prosperitypub.com/roundtable
The major indexes rose Wednesday morning as investors grew hopeful the president and congressional leaders are approaching a resolution to the debt ceiling debate.
At the conclusion of Tuesday’s meeting, House Speaker Kevin McCarthy said a “better process” is in place for future talks, and he believes it’s “possible to get a deal by the end of the week.”
The rebound in regional banks also helped improve market sentiment. Western Alliance Bancorp (NYSE: WAL) announced improving deposit growth, sending shares up 12%. The SPDR S&P Regional Bank ETF (NYSE: KRE) also jumped 2.9%.
In this morning’s stock market recap video, I’ll discuss the latest round of earnings and whether Target is “on target”… what to expect next from the debt ceiling debate… how I’m considering trading regional banks… plus where I see the market setting up potential actionable trade opportunities!
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.
And trading veteran Celeste Lindman is going LIVE at 1 p.m. ET TODAY, May 17, to reveal exactly what it is!
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 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.