The markets are up as oil prices drop and investors continue to monitor the war between Russia and Ukraine while also waiting for news on a potential Federal Reserve interest rate hike on Wednesday — and more in Tuesday’s stock market recap.
The Federal Open Market Committee meeting starts Tuesday to discuss the upcoming rate hike. Normally, in times of war, the Fed wouldn’t raise rates, but we’ll know more on its plans on Wednesday.
We also have rising COVID-19 cases in China as the country grapples with its worst outbreak since the early days of the pandemic. The outbreak caused the shutdown of several major manufacturing hubs, which promises to bring more pain to supply chain issues.
The bond market has been steadily falling, and seems to have priced in higher rates. However, the Fed could decide to wait another month to see how all of these events play out.
In this morning’s stock market recap video, you’ll learn which sector continues to lead and why… what small caps are telling us about current market levels… why I’m increasingly bullish on U.S. stocks… how to trade the current market… an update on the bond market with specific price levels… and the top three stocks in the S&P 500.
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!
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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.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 32,945.24.
- Futures: 33,013.
- Change: +175.
S&P 500 (mini)
- Close: 4,173.11.
- Futures: 4,192.
- Change: +28.5.
- Close: 13,046.64.
- Futures: 13,169.5.
- Change: +125.5.
- Close: 1,941.72.
- Futures: 1,943.5.
- Change: +6.7.
Note: Updated as of 9:27 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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.