The major indexes are up as stocks wrap up a first quarter that saw a crisis among the Financials sector following the collapse of Silicon Valley Bank and continued rate hikes from the Federal Reserve.
While it was a volatile three months, the S&P 500 and Nasdaq managed to end the quarter with a win, up 5.5% and 14.8%, respectively. The Dow ended the quarter down slightly.
The market also got a boost Friday morning on the latest inflation data.
The core Personal Consumption Expenditures index, which excludes energy and food costs, showed prices increased less than expected for the month of February, coming in at 0.3% versus the 0.4% forecast.
In this morning’s stock market recap video, I’ll discuss why I’m nervous about the Technology sector… if Donald Trump’s arrest is impacting stocks… if the bond market is listening to the Fed and what it’s thinking as it approaches its next meeting… which sectors are the most vulnerable right now… what algo traders are doing to the market in the last few sessions… if the trading action on the S&P 500 is sustainable… plus how I’m playing the market right now!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. NEW Scanner and a Debut Trading Session
Lance Ippolito has been working on something behind the scenes for a while now, and it’s finally ready for the grand reveal…
It’s a brand-new options scanner. And what makes it different from anything he’s developed before is its ability to show only the opportunities he’s willing to consider trading!
In other words, it filters out everything that’s not worth the time or money…
And now, Lance is watching it spit out opportunities on First Republic Bank, Mattel, Google and Tesla… just to name a few!
Lance is about to reveal how the scanner works in a special live trading session at 1:30 p.m. ET today, March 31!
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.
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 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.