Retail sales came in much higher than expected, showing a 3.8% increase versus the consensus of 2.1% — and more in Wednesday’s stock market recap.
Remember, retail sales make up two-thirds of the U.S. economy, so this number bodes well for the market, especially the Consumer Discretionary sector.
Consumer Discretionary is once again approaching its 200-day moving average… And if it can break above that level, it should continue to rally.
Wednesday’s retail sales data doesn’t account for inflation, however, so a higher number doesn’t necessarily mean more actual sales.
We should learn more when the Federal Reserve releases the minutes from its January meeting at 2 p.m. EST on Wednesday.
In this morning’s stock market recap video, you’ll also get an update on retail sales and inflationary pressure… a review of the bond market and current trends… plus a long trade and a short trade setup, both complete with options!
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!
We saw it for what it is — a massive buying opportunity!
People on TV seem to only talk about stocks that have already soared. But great opportunities are missed when strong stocks dip!
And there’s a little-known price pattern we’ll share with you today.
Because we have the chance to get in on some great stocks at a massive discount… And ride them back to the top in 120 hours or less!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,988.84.
- Futures: 34,762.
- Change: -142.
S&P 500 (mini)
- Close: 4,471.07.
- Futures: 4,442.75.
- Change: -21.75.
- Close: 14,620.82.
- Futures: 14,514.75.
- Change: -94.75.
- Close: 2,076.46.
- Futures: 2,071.9.
- Change: -2.1.
Note: Updated as of 9:18 a.m. EST
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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 email@example.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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.