The markets rose Thursday morning as U.S. gross domestic product came in better than expected — and more in Thursday’s stock market recap.
GDP came in at 2.9% quarter over quarter, lower than the previous figure of 3.2% but higher than the 2.7% expected, indicating that the economy remains strong even as investors continue to fear a coming recession.
GDP wasn’t the only number that gave the market a lift… Tesla Inc. (Nasdaq: TSLA) reported solid earnings and record revenue for the previous quarter after the close Wednesday, sending shares up 7% during after-market hours.
In this morning’s stock market recap video, I’ll reveal why I believe tech is in the danger zone right now… if bonds are headed higher or lower in the short term… the biggest Federal Reserve data impacting the market today… which earnings we need to pay close attention to in the next few sessions… the best sector for long positions… and the best stocks to trade to the downside right now, and why.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
With how news-driven and unpredictable the markets have been, trading has become more difficult than ever.
That’s why I love my Quantum Indicator. It uses historical data to help me decide where the market is likely headed next.
And it doesn’t matter whether we’re in a bull or bear market!
The Quantum Indicator signals long and short trades — which is critical in the current environment.
And I’m holding a special presentation at 11 a.m. ET today, Jan. 26, to share how it works… what it’s signaling right now… and how you can add this indicator to your trading toolbox.
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@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.