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The Hottest ETF — and an Option Play — as the Market Pulls Back

by | Dec 9, 2021 | Market Updates

Jobless claims hit a new low not seen since 1969 and Friday is going to be an important day for Federal Reserve data — and more in Thursday’s stock market recap.

Jobless claims came in at 184,000, which is not only lower than expected but a new 52-year low!

On Friday, we get Consumer Price Index and Consumer Sentiment data. These are sensitive and inflationary numbers. So depending on where they come in, it could give the Fed even more incentive to pull back on its bond purchases.

The FDA also approved a COVID-19 treatment for those who are immunocompromised. The treatment is an injection designed to be given as often as every six months and developed by AstraZeneca.

Interest rates are going higher… It’s just a matter of time. And the No. 1 sector that benefits from higher rates and inflationary pressure is the Energy sector. 

So I also have an Energy sector ETF for you in today’s video, complete with option prices. 

In this morning’s stock market recap video, you’ll discover why the market opened softer today… the biggest risk to the market right now… why Friday’s Fed data is crucial… the most likely scenario for bonds… a complete breakdown of all 11 sectors… an update on market internals… and the top ETF with the option strike price and expiration. 

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! 

Roger’s Radar: China Evergrande Group

China Evergrande Group has officially defaulted on its debts, which I see as the main driving force for why the market is down this morning. 

The world’s most indebted real estate developer failed to pay two coupons that matured Tuesday, leading to a downgrade and the potential for the company to default on its $19.2 billion worth of debt. 

Per Bloomberg: 

Long considered by many investors as too big to fail, Evergrande has now become the largest casualty of Chinese President Xi Jinping’s campaign to tame the country’s overindebted conglomerates and overheated property market. Before this week, Chinese borrowers had defaulted on $10.2 billion of offshore bonds in 2021, with real estate firms making up 36% of the total, according to data compiled by Bloomberg.

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 35,754.75. 
  • Futures: 35,629. 
  • Change: -116. 

S&P 500 (mini)

  • Close: 4,701.21. 
  • Futures: 4,685. 
  • Change: -14. 

NASDAQ (mini)

  • Close: 16,394.34. 
  • Futures: 16,333. 
  • Change: -59.25. 

RUSSELL (mini)

  • Close: 2,271.71. 
  • Futures: 2,255. 
  • Change: -14.8. 

Note: Updated as of 09:15 a.m. EST

P.S. Check out Your Complimentary Bootcamp Training Session

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And from what I’ve been hearing, it’s led to trade losses and missed opportunities. Heck, recent volatility has pushed some people to give up on trading completely… 

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So I’m hosting a complimentary bootcamp training session to teach people my three most critical components for “profitable pullback” trading!

See You There

Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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