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Fed Meeting Looms as Earnings Season Continues

by | May 2, 2022

U.S. stock futures are flat on the first trading day of May — and more in Monday’s stock market recap.

The Nasdaq ended April with its worst monthly performance since 2008, losing nearly 13.3%.

We’re facing another data-heavy week on Wall Street… We have the ADP National Employment Report and International Trade in Goods and Services on Tuesday, not to mention earnings season continues with some major reports yet to come.

But the biggest news of the week is the Federal Open Market Committee announcement on Wednesday.

Following the two-day meeting, we’ll learn how much the Fed plans to raise interest rates, with most expecting a 50-basis-point hike.

In this morning’s stock market recap video, you’ll discover whether the markets are bottoming out or heading lower… a crucial look at Nasdaq momentum levels… how to interpret recent bond market trading action… the biggest earnings reports on the table this week… how to strategically take advantage of this market right now… plus a full update on the global economy and what it means for U.S. stocks.

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 10-Time World Champ Is Back…

Listen, volatility is nuts… and we’ve seen some HUGE moves in the market this past week.

But Chuck Hughes — a multi-million dollar trading champion — has been secretly working on a project that could be the cure for the current markets…

He says it’s the boldest prediction of his entire career.

So Chuck and I are going LIVE at 1 p.m. EDT on Monday, May 2, for his big reveal.

While the rest of the world is in chaos, wondering if or when a recession will come…

He’s gearing up for the “takeoff.”

And by following the facts — not emotions — he believes we could be set up for the windfall of the decade…

Click Here to Access Our Live Event 

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: 32,977.21.
  • Futures: 32,970.
  • Change: +88.

S&P 500 (mini)

  • Close: 4,131.93.
  • Futures: 4,131.5.
  • Change: +4.

NASDAQ (mini)

  • Close: 12,854.8.
  • Futures: 12,863.
  • Change: +11.

RUSSELL (mini)

  • Close: 1,864.1.
  • Futures: 1,861.8.
  • Change: +0.5.

Note: Updated as of 9:28 a.m. EDT

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!

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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