The major indexes drifted higher as the market continued digesting earnings reports and the prospect of higher interest rates following this week’s Federal Reserve comments — and more in Friday’s stock market recap.
St. Louis Fed President James Bullard said Thursday that interest rates might need to go as high as 7% to control inflation.
The market was also awaiting comments from Boston Fed President Susan Collins, who spoke early Friday.
When the market is in upheaval like this, I love using our Alpha Rotation strategy. My favorite thing about this strategy is not only do we buy the strongest sectors, but we also sell the weakest. That means this strategy has a built-in hedge to protect during market downturns.
I believe everyone could benefit from this information right now, so I just held a special class to share exactly how it works. Watch the Session Here.
In this morning’s stock market recap video, I’ll discuss whether the bulls or bears are controlling this market… which stocks are most vulnerable to downside pressure… what I see happening in the market over the next few sessions… whether bonds are putting pressure on stocks once again… if Fed data is helping or hurting stocks… and which types of stocks you want to own, and which ones you want to sell right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
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.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 33,546.32.
- Futures: 33,770.
- Change: +189.
S&P 500 (mini)
- Close: 3,946.56.
- Futures: 3,987.5.
- Change: +32.5.
- Close: 11,676.86.
- Futures: 11,824.
- Change: +112.5.
- Close: 1,839.12.
- Futures: 1,862.2.
- Change: +19.6.
Note: Updated as of 9:23 ET a.m.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
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 email@example.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.