The major indexes slipped Tuesday morning as investors await Federal Reserve Chair Jerome Powell’s latest comments on inflation — and more in Tuesday’s stock market recap.
All eyes will be on Powell as he speaks before the Economic Club of Washington at 12:40 p.m. ET on Tuesday afternoon.
Markets and investors await further clarity on where rates are headed next in the wake of last week’s 0.25% rate hike and blowout jobs data.
Meanwhile, Minneapolis Fed President Neel Kashkari said early Tuesday the Fed has not done enough to “declare victory” on inflation just yet.
“We need to raise rates aggressively to put a ceiling on inflation, then let monetary policy work its way through the economy,” he said.
In this morning’s stock market recap video, I’ll discuss the impact Powell will have on the markets today… why the Dow is overbought… the earnings picture so far and what to expect in the next few sessions… whether investors are looking at earnings per share or forward-looking statements… which sectors are most vulnerable right now… plus which stocks I believe are due to see increased selling pressure.
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I love a good bargain, don’t you?
And little do people know… hefty bargains do exist in the stock market! You just have to know where to look.
The “pricing mismatch” I just discovered requires traders to disregard the share price and focus on the options…
And thanks to this mismatch, even a tiny 1% move in a stock could lead to gains as high as 31%… 41%… even 46% or more in a matter of days.
I just held a special presentation to show this “pricing mismatch” in action and how to apply it to options trades. So if you love a good bargain…
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 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.