The major indexes slumped Thursday morning on rising rates and recession fears — and more in Thursday’s stock market recap.
St. Louis Federal Reserve President James Bullard said Thursday that “the policy rate is not yet in a zone that may be considered sufficiently restrictive.”
His remarks indicate the Fed’s interest rate hikes are far from over, sparking fears that higher rates will send the U.S. economy into a recession.
Meanwhile, chipmaker NVIDIA Corp. (Nasdaq: NVDA) reported mixed earnings as sales from its gaming division fell 51%, while its data center business saw sales growth of 31%. The news sent shares lower in premarket trading along with the broader market.
In this morning’s stock market recap video, I’ll discuss why I’m turning bearish on blue chips… what market internals are pointing to right now… which sectors show the most vulnerability… the big reports markets need to digest in the next few hours… earnings numbers that are showing a clear pattern… plus the strongest and weakest sectors right now!
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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 our powerful ETF-rotation strategy helps them capitalize on only the STRONGEST sectors — while we also short the WEAKEST.
You have 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.