Before we get to today’s daily video, I wanted to let you know that I’m getting ready to go live on today’s Roundtable with Don Yocham at 10 a.m. ET!

Don, Garrett Baldwin, Celeste Lindman and I will unpack market liquidity, overall financial conditions and what sectors deserve your attention.

Join us here for the live discussion:

The major indexes are mixed Wednesday morning following Federal Reserve Chair Jerome Powell’s comments on Tuesday.

Powell confirmed interest rates may need to go higher for a longer period of time, echoing what several other Fed officials have said in recent weeks.

February’s private payrolls report came in stronger than expected, suggesting the economy can withstand higher rates, further stoking investors’ fears concerning future rate hikes.

In this morning’s stock market recap video, I’ll discuss how Powell’s comments on inflation and interest rates stand to impact stocks Wednesday morning… key levels to watch on the major indexes as Powell speaks… what to expect from this week’s upcoming jobless claims and employment situation reports… what the bond market is telling us right now… fragmentation in the major sectors… plus my top stocks!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Will This Be the Biggest Cash Flood on Record?

Something shocking is about to happen on Wall Street.

And it could result in the biggest cash flood on record in the U.S. stock market…

Investors have more than $4.5 trillion in cash stashed inside money market accounts, just waiting for the right moment to get back into stocks.

I’ve singled out stocks to avoid during this coming cash flood, as well as where I believe the money is going to end up. And I’m revealing it all during my live event at 1 p.m. ET today, March 8!

Go Here to Reserve Your Spot 

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 [email protected]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.