U.S. stock futures are flat as the market tries to recover from the continual sell-off— and more in Monday’s stock market recap.
The biggest reports this week are retail sales and industrial production on Tuesday, and the Philadelphia Fed Manufacturing Index report on Thursday. As I’ve said before, retail sales are important because it makes up two-thirds of the U.S. economy.
If the number is strong, it could cause stocks to rally…
But it’s all just a balance act between the Federal Reserve using higher interest rates to slow down demand and inflation, but not by so much that it pushes the U.S. into a recession.
However, if the iShares 20+ Year Treasury Bond (Nasdaq: TLT) starts to become choppy, which is a real possibility because it’s been losing its vertical angle, it’s a good sign that the long bond has priced in rising rates and we may have a little reprieve.
In this morning’s stock market recap video, you’ll learn whether stocks are set to rise or fall… which sector is making major headways this week… whether volatility is sinking or exploding… the full Fed update for the week… what to expect from the major sectors… and whether the bond market is helping or hurting us…
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. Joy of the Trade’s Jeff Zananiri is back in the saddle and going live at 1 p.m. EDT today, Monday, May 16.
He’s going to share a market phenomenon traders won’t hear about anywhere else…
In fact, no one is talking about this…
The media would rather recommend stocks that have already soared before getting crushed in these cut-throat markets…
And today, Jeff wants to share a few tickers that are tanking…
Because they’re primed for “16-hour snapbacks!”
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: 32,196.66.
- Futures: 32,066.
- Change: -54%.
S&P 500 (mini)
- Close: 4,023.89.
- Futures: 4,004.5.
- Change: -16%.
NASDAQ (mini)
- Close: 12,387.4.
- Futures: 12,323.
- Change: -57.5%.
RUSSELL (mini)
- Close: 1,792.67.
- Futures: 1,784.4.
- Change: -5.1%
Note: Updated as of 9.36 a.m.
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 support@marketgeeks.com!
- 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.
