The major indexes rose as investors look ahead to Thursday’s inflation data — and more in Wednesday’s stock market recap.
Analysts expect Thursday’s Consumer Price Index data to come in at 6.6% year over year, down from 7.1% in November. Core CPI, which excludes food and energy prices, is expected to be around 5.7% year over year — down from 6%.
The major indexes are trying to start 2023 strong, with the Nasdaq locking in three winning sessions in a row.
The Federal Reserve is expected to hike rates further, leading many investors to worry whether or not this rally truly has legs.
In this morning’s stock market recap video, I’ll discuss what I expect to see from Thursday’s CPI report and how the market will react next… whether the Communications sector is breaking down or faking us out… what bonds are telling us about the trading action ahead… an update on the global economy and what China is up to… a full analysis of U.S. stocks from top to bottom… plus the top stocks that I’m digging right now, and the ones I’m eyeing to sell short!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. The Only Earnings Announcements to Focus On
Earnings announcements are happening all the time — not just during the few weeks we call “earnings season.”
And with over 17,000 different earnings reports every year, there’s no way you could keep track of them all.
But legendary trader Tom Busby discovered there’s a subcategory of earnings reports that open a special window called an “earnings drift.”
And for these select stocks, during the 72-hour period after they report, a massive opportunity window can open for investors.
Tom recently sat down with me to share all the details on this incredible breakthrough…
Discover a Whole New Way to Trade Earnings
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 support@marketgeeks.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.
