U.S. stock futures traded higher this morning as Wall Street looks to post its first positive week in the past four — and more in Friday’s stock market recap.
In terms of the economy, both consumer sentiment and new home sales reports come out on Friday. Interest rates are rising, so it shouldn’t be any surprise the consensus is on the lower end of the range…
However, I believe the market has already priced most of that in…
The iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) is now trading back within the range it was before the most recent Consumer Price Index report. This tells me either the broader market is strengthening, or the long bond is taking a wait-and-see approach as a potential recession looms.
If the TLT remains choppy, it’s telling us the long bond is having major doubts that interest rates will go as high as fast as the Federal Reserve has signaled.
In this morning’s stock market recap video, I’ll show you whether the market is approaching fair value or more downside pressure looms… why bonds are entering a choppy cycle… if volatility will drop further… which sector is set to rise over the next few trading sessions… whether oil and food prices will soar or sink in the near term… and the biggest clues in the economy to pay attention to 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. When things like the S&P 500, Nasdaq and even crypto are getting slaughtered, there are still a handful of stocks that push higher and higher…
They’re “in motion.”
Wall Street has been using this simple-yet-effective principle to grow its riches for decades…
And we’re seeing this phenomenon take place in a handful of stocks right now.
Most folks who’ve been looking at the market as a whole are probably ready to throw in the towel…
But that’s only because they have no idea how much opportunity is still out there right now…
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:
- Close: 30,677.36.
- Futures: 30,875.
- Change: +203.
S&P 500 (mini)
- Close: 3,795.73.
- Futures: 3,828.
- Change: +28.5.
- Close: 11,697.68.
- Futures: 11,838.25.
- Change: +100.75.
- Close: 1,711.67.
- Futures: 1,723.4.
- Change: +11.6.
Note: Updated as of 9:17 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 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.