All major indices are up as the markets turn bullish following Wednesday’s Federal Open Market Committee meeting — and more in Thursday’s stock market recap.
The Federal Reserve revealed its plan to raise interest rates three times next year in an effort to tackle rising inflation.
Wall Street seemed pleased with the news because the S&P 500, Nasdaq and Dow all closed higher on Wednesday following the announcement.
The Fed also increased its outlook on inflation, reduced its forecast for economic growth and called for an improved jobs market.
However, it did note that COVID-19 still poses a risk to its future outlook, especially as new variants emerge.
On that note, Regeneron is working on a new COVID-19 treatment designed specifically to combat all known variants, including delta and omicron.
In this morning’s stock market recap video, you’ll learn the likely scenario for volatility levels… whether put buyers are overpowering call buyers… the probable direction for the major indices … two sectors I’m warning everyone about… which ETF is set to roar in 2022… an update on the global economy and new COVID-19 hotspots… and the top option pick complete with strike price.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 35,927.43.
- Futures: 35,950.
- Change: +134.
S&P 500 (mini)
- Close: 4,709.85.
- Futures: 4,717.5.
- Change: +17.
- Close: 16,289.6.
- Futures: 16,318.
- Change: +31.75.
- Close: 2,195.21.
- Futures: 2,210.2.
- Change: +15.5.
Note: Updated as of 09:27 a.m. EST
Joy of the Trade’s Jeff Zananiri is celebrating the first anniversary of Burn Notice Alerts.
The strategy issues at least four alerts per week… and last week, all four were winning trades!
With so many chances to play the market, his best students have enjoyed profits like 69% on BA… 113% on JOE… and 126% on FB… all overnight!
Click here to learn more about Burn Notice Alerts, and how anyone can add this amazing strategy to their toolkit.
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.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.