The market slid lower Tuesday morning as traders considered the latest inflation data — and more in Tuesday’s stock market recap.
The January Consumer Price Index report revealed that inflation grew 6.4% year over year versus the 6.2% expected, just slightly lower than the previous figure of 6.5%.
The year-over-year CPI excluding food and energy also came in over estimates at 5.6% versus the 5.5% expected.
This is a huge blow to the market, and has investors doubting that we’re improving as much as we thought.
With retail sales data on Wednesday and the Producer Price Index report on Thursday, we’ll get the full picture on inflation and how it’s affecting consumers by the end of the week.
In this morning’s stock market recap video, I’ll discuss whether today’s CPI report will impress the Federal Reserve or sink stocks… an update on the bond market and what to expect next… whether the U.S. stock market is ready to sink or soar… which stocks I’m 100% bullish on right now… which stocks I believe will fall further… plus which ETFs I’m buying and which ones are dead in the water.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
Many investors don’t realize this but…
This market is incredibly fragile.
More things are going wrong than are going right, and investors are about to be blindsided when massive amounts of cash start to flood out of their favorite stocks.
While this could spell disaster for anyone holding those stocks, investors who realize where that cash is going and how to take advantage stand to profit.
And that’s exactly what New Money Crew’s Lance Ippolito is about to reveal during his special live event at 1 p.m. ET today, Feb. 14 — at no cost!
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@example.com!
- 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.