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Tech Lags While Blue Chips Lead, AAPL, TSLA and LMT

by | Jan 29, 2024

Stocks are relatively flat premarket, and the bond market didn’t break down last week. In fact, it’s giving us a bit of a tailwind… 

It will be a tumultuous week with a lot of Federal Reserve data coming at us, starting with consumer confidence at 10 a.m. Tuesday.

There’s so much data coming this week — plus earnings! — the market should finally break one way or another.

The latest Federal Open Market Committee meeting also begins tomorrow, where the Fed will decide what to do next with interest rates — which likely aren’t going anywhere for the time being.

Chair Jerome Powell will then speak at 2:30 p.m. ET on Tuesday, and he has to admit that they’re at least talking about cutting rates at this point. 

So we should get more clues as to whether rates will start to come down in March.

As far as earnings, Monday is pretty light but then things really pick up with Advanced Micro Devices and a host of other major companies reporting. 

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

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WRITTEN BY<br>Roger Scott

Roger Scott

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