The market is set to rally following Thursday morning’s producer price index number — and more in Thursday’s stock market recap.
The Producer Price Index (PPI) is used to gauge inflation at the wholesale level and reveals how it affects producers, who then pass any increases on to consumers.
Following Wednesday’s lighter-than-expected Consumer Price Index number, which indicated that inflation may be easing a bit, July’s PPI actually fell 0.5%. The consensus range was 0% to 0.4%.
The major indexes are already coming off a strong Wednesday thanks to the CPI. The Dow, S&P 500 and Nasdaq were all up at least 0.6% premarket.
In this morning’s stock market recap video, I’ll reveal an update on inflationary pressure and what the Federal Reserve is telling us… how the bond market is reacting to the latest round of news… which sector is starting to make noise and why… which sectors to avoid or trade short right now… whether the market is breaking out or getting ready to turn south… how to analyze the current sector strength and weakness… plus my top ETF and option pick!
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!
I just went live to reveal my No. 1 Frontrunner Stock for the rest of 2022…
Not only that, but I also discussed the core factors behind what I call “Frontrunner Stocks,” how to build your own custom ETF, portfolio management and more.
I even went into great detail on the formula used to backtest the Frontrunner Portfolio, and shared the results!
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.
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.
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 firstname.lastname@example.org!
- 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.