The major indexes are down as the Federal Open Market Committee kicks off its September meeting — and more in Tuesday’s stock market recap.
While some investors worry we might see a 1% interest rate hike, odds are it will be another 0.75% hike. We can expect trading to be subdued until the Federal Reserve makes its announcement on Wednesday.
In other news, companies are still struggling with supply chain issues as inflation persists.
Ford Motor Co. (NYSE: F) announced Monday that supply problems have caused parts shortages for about 40,000 to 45,000 vehicles. The company also said supplier costs could be about $1 billion more than expected in the third quarter, and Ford stock was down more than 8% just after the opening bell.
In this morning’s stock market recap video, I’ll discuss what to expect from the Fed… the major price levels to pay close attention to… whether the bond market is set to rise or fall… an outlook on volatility and why it’s not rising much… an update on the global economy and why it matters right now… an update on the strongest stock and sector… plus a preview of the most likely scenario after this week’s major announcement!
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. Introducing My NEWEST Strategy!
I’m often asked how traders can participate in my upcoming projects…
The answer has always been the same…
When I have something, you’ll be among the first to know.
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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: 31,019.68.
- Futures: 30,916.
- Change: -203.
S&P 500 (mini)
- Close: 3,899.89.
- Futures: 3,890.25.
- Change: -27.
NASDAQ (mini)
- Close: 11,953.28.
- Futures: 11,938.75.
- Change: -84.25.
RUSSELL (mini)
- Close: 1,812.84.
- Futures: 1,807.1.
- Change: -13.1.
Note: Updated as of 9:22 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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.
