The market surged on a better-than-expected Consumer Price Index inflation report — and more in Thursday’s stock market recap.
The Consumer Price Index (CPI), which gauges the prices consumers pay for goods and services, rose 0.4% month over month versus expectations of 0.7%. Year-over-year CPI data came in at 7.7%, below both the 8% expected and the previous month’s 8.2%.
These numbers represent the lowest increase since January, giving hope that inflation has finally peaked.
Even the core CPI number, which excludes more volatile food and energy costs, came in below both month-over-month and year-over-year expectations.
In today’s stock market recap, I’ll discuss the impact of the CPI on the bond market… why Thursday’s numbers are so important… the best defensive sector right now… whether volatility is rising or falling… key factors to pay attention to during these turbulent market times… plus how to take advantage of the current volatility with a nice hedge!
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P.S. The Fed Did It Again
When the Federal Reserve raises rates, the markets flip out… and certain sectors get out of balance.
November was no different… but members of our Alpha Rotation strategy didn’t sweat it.
Because my powerful ETF-rotation strategy has helped them capitalize on only the STRONGEST sectors — while we also short the WEAKEST ones.
You’ve got to see this in action!
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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.