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The Most Vulnerable Sectors as All Signs Point to a Major Pullback

by | Aug 12, 2022

The markets opened higher as the S&P 500 looks to lock in its fourth straight winning week — and more in Friday’s stock market recap.

This week’s positive inflation reports have given investors hope that inflation is peaking. But Friday saw the release of one more report that could also prove to be a catalyst for the major indexes: import and export prices.

Import prices came in at 8.8% year over year, below both consensus estimates of 9.4% and the previous figure of 10.7%, which is more good news for the U.S. economy. Export prices also came in lower than estimates, but the real story here is import prices because the U.S. imports more goods than it exports.

While the major indexes have rallied on positive news this week, the bond market is cooling off, putting pressure on stocks.

And that’s not the only reason I believe we’re due for a pullback…

In this morning’s stock market recap video, I’ll explain why I’m becoming more bearish in the short term… current sector momentum levels… which sectors are most vulnerable right now… how to protect yourself in the current market cycle… which industry is heating up again and which is cooling off… the upside of buying longer-dated options and some trade examples… plus the biggest factors driving this market right now.

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!

P.S. How to Build Your Own ‘Frontrunner’ Portfolio 

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!

Watch the Event Here 

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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 33,336.67.
  • Futures: 33,469.
  • Change: +165.

S&P 500 (mini)

  • Close: 4,207.27.
  • Futures: 4,235.5.
  • Change: +25.75.

NASDAQ (mini)

  • Close: 13,291.99.
  • Futures: 13,411.25.
  • Change: +100.

RUSSELL (mini)

  • Close: 1,975.26.
  • Futures: 1,988.5.
  • Change: +12.2.

Note: Updated as of 9:26 a.m. EDT

On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.

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!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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