Before I get to Wednesday’s market outlook, I wanted to let you know that I’ll be joining the Roundtable with Don Yocham alongside Jack Carter and Scott Welsh at 11 a.m. ET today!
We’ll be talking inflation, investors’ struggles with FOMO — the fear of missing out — and this quarter’s earnings revisions. Plus, Jack will share his all-weather approach to trading, including the top opportunities he’s got his eye on right now.
Join us at 11 a.m. here: https://prosperitypub.com/roundtable
The Dow and S&P 500 rose Wednesday morning on better-than-expected inflation data.
Consumer prices for the month of April increased 4.9% year over year, below the 5% expected. April’s Consumer Price Index data also showed that inflation increased 0.4% month over month, which was in line with analyst estimates.
Investors are hopeful we’ll continue to see inflation decline over the following months. But according to Oanda Senior Market Analyst Ed Moya, “falling back to 2% will be a lot harder given the strength in the labor market.”
In this morning’s stock market recap video, I’ll discuss why I’m nervous watching the bond market… the most likely scenario for Dow stocks in the next few sessions… which sectors I expect to see trending higher… which sectors look to be fizzling out… how the CPI report will drive market action… my favorite stocks to buy right now… plus, are TESLA and GM a sell or a buy!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Exposing 1 of Wall Street’s Best-Kept Secrets
Billions of dollars flood in and out of stocks every day…
And when just a fraction of that money hits a single stock, that injection of capital has the potential to send it exploding higher over the next 24 hours.
It’s one of Wall Street’s best-kept secrets…
That’s why my good friend Chuck Hughes just held a special presentation to pull back the curtain and reveal how the rest of us can target these stocks!
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]!
- 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.
