Travel stocks are in trouble once again on the last trading day of the year — and more in Friday’s stock market recap.
Cruise ships are taking a beating as the omicron variant continues to wreak havoc on the world.
Even though omicron isn’t as deadly as other variants, the fact that it’s more transmissible is going to affect cruise ships and other travel stocks for some time.
We’re also seeing a major sector rotation in the wake of omicron’s spread.
Due to a ton of uncertainty, money is moving into sectors like Health Care, Consumer Staples and Utilities, which now lead the way. And Energy, which once led the pack, is now the weakest sector of the market .
Markets need to cool off and digest this action before they head higher. We’ll likely see a rally thanks to the January Effect heading into the beginning of 2022.
In this morning’s stock market recap video, you’ll learn whether stocks will continue making new highs or begin cooling off… whether the economy is heating up once again… whether Consumer Discretionary continues to lead the market… a review of the major sectors… and the best way to position yourself for next week.
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!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 36,398.08.
- Futures: 36,233.
- Change: -60.
S&P 500 (mini)
- Close: 4,778.73.
- Futures: 4,766.5.
- Change: -5.75.
NASDAQ (mini)
- Close: 16,429.1.
- Futures: 16,428.25.
- Change: -2.75.
RUSSELL (mini)
- Close: 2,248.79.
- Futures: 2,244.1.
- Change: -2.8.
Note: Updated as of 9:10 a.m. EST
P.S. Turning Point 2022: My Top Predictions for Next Year
Today, I’m airing my brand-new “Turning Point 2022” broadcast, where I’ll share my top stock picks and predictions for the New Year…
Inside, you’ll see:
- The Fed move that will rattle markets in 2022.
- How volatility is going to ramp up and what it means for swing traders.
- A little-known pattern setting up in the Russell 2000.
- And my top picks and predictions!
Click here to access the broadcast!
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.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
