The major indexes slid lower to start the week following Friday’s sharp sell-off — and more in Monday’s stock market recap.
Federal Reserve Chair Jerome Powell said Friday the central bank remains committed to fighting inflation, and will continue raising interest rates.
With no major economic data or earnings reports on Monday, Wall Street is considering the size of the Fed’s next rate hike and its impact, which could come next month.
We’ll have the consumer confidence report on Tuesday, while Wednesday brings the ADP Employment Report.
Thursday is a big day for data with jobless claims, the PMI Manufacturing Final and the ISM Manufacturing Index.
Then we close out the week with data on the unemployment situation, where we’ll learn the current unemployment rate.
In this morning’s stock market recap video, you’ll discover the biggest reports of the week… major support levels for stocks… why this downside was expected… whether bonds will break lower or stay flat… the best sectors to trade right now… whether tech and consumer stocks are bouncing or breaking down… plus major threats and opportunities for the week ahead.
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. The Powerful ‘Numerical’ Sequence Hidden Behind Every Stock
Part A.I., part supercomputer and entirely algorithmic…
We’re not talking about the next self-driving car, we’re talking about the remarkable trading breakthrough known as the “S3 Advantage.”
Over two years in development, this brainchild of myself and Jack Carter is finally ready to be released to the public!
It all has to do with a powerful “numerical” sequence hidden behind every stock…
Jack and I are going to join forces to go live for the big reveal at 1 p.m. EDT on Tuesday, Aug. 30!
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.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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.
