Stocks are strong as we kick off the first day of the second Trump administration, and I like what I’m seeing so far this morning, though, the week is fragmented.
There is a big red flag, however, in the bond market, which gapped up before settling lower. If the long bond (TLT) breaks below $87.57, we could see some trouble, but hopefully we’ll get some directional bias.
Trump is also threatening 25% tariffs on Mexico and Canada. I would advise focusing less on what Trump says vs. what he actually does because like all politicians, he goes back and forth quite a bit on things he says.
Intel (INTC) gave us a nice boost on Friday, rising 9% and helping push chip stocks higher.
We have a massive slate of earnings on deck for this week, including Netflix (NFLX), United Airlines (UAL) and more after the close today…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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Here’s a not-so-fun fact to start the week…
We’re about to walk into really choppy markets over the next few weeks.
And it’s not just me saying it..
One of the world’s biggest financial institutions (spending hundreds of millions a year on advanced quantitative research and testing) seems to agree with me.
And here’s the thing about choppy markets…
Their razor sharp edges could wipe your entire portfolio clean if care is not taken.
But unlike other “experts” who recommend you stay far away from choppy markets, I’ll be taking you through a different turn.
At 1 p.m. ET today, Jan. 21, I’ll be live to show you how you can thrive in these choppy times.
Not just that, you’ll also see how you can join me and see how I’m targeting extra income this week on my No. 1 stock!
No guarantees on future results, of course…
But I believe we can start off Trump’s administration on the right foot with what I’ll show you live.