The major indexes fell again Wednesday morning as June 1 approaches and investors grow nervous.
June 1 is the earliest expected date that the U.S. could default on its debt, as Treasury Secretary Janet Yellen has warned.
Monday’s negotiations between President Joe Biden and House Speaker Kevin McCarthy ended on a positive note, but it appears little progress was made Tuesday.
Investors also await the release of the Federal Reserve’s last meeting minutes, which will likely cause some volatility after 2 p.m. ET on Wednesday.
In this morning’s stock market recap video, I’ll discuss if the Nasdaq and chip stocks are ready to fall… if blue chips are ready for upside action… if the bond market is ready to trade higher… plus, whether or not there’s yet another COVID-19 outbreak in China!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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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.
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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.
