The major indexes slipped again on another hot inflation report — and more in Thursday’s stock market recap.
January’s Producer Price Index report came in at 0.7% versus estimates of 0.4%, indicating that inflation has not yet peaked.
Core PPI, which excludes food and energy, was also above estimates, coming in at 0.5% compared to the 0.3% expected.
Meanwhile, jobless claims were better than expected at 194,000 compared to 200,000 estimated, revealing that there’s still strength in the jobs market.
This week’s inflation and jobs data has investors worried there’s no end in sight to the Federal Reserve’s rate hikes.
In this morning’s stock market recap video, I’ll discuss what to expect in the wake of the PPI report… whether stocks will stay choppy or break out… whether the breakout in tech yesterday is sustainable… why better-than-expected data can bite us in the butt… plus my top ETF and option pick!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
All the inflation data we’ve seen this week has the power to really move markets.
That’s why I’m holding a special live training session at 1 p.m. ET today, Feb. 16, to cover the market action and my No. 1 way to capitalize on it.
I’ll even reveal my top three high-alpha stocks!
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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.