It’s another data-heavy week for Wall Street, which could set the markets up for a bumpy ride — and more in Monday’s stock market recap.
We not only have the consumer confidence report coming out on Tuesday, but another Federal Open Market Committee meeting.
We’ll get an announcement from that meeting on Wednesday, along with another Fed chair press conference.
Right now, the markets are close to bottoming out. So there’s a good chance the Fed could backtrack on some of its statements about aggressively raising interest rates, especially as the country continues to grapple with COVID-19.
On Thursday, we have gross domestic product, followed by consumer sentiment on Friday.
As you can see, the markets have a lot of information to price in, and I’m anticipating a potentially rough week. But one that should have a better ending than beginning.
In this morning’s stock market recap video, you’ll discover whether stocks are ready to sink or soar… which indicators are screaming buy and which ones aren’t… whether the bond market is offering major clues for stocks right now… which price levels are key for all three major indices… which two Fed reports could shape the market action for the next quarter… whether sectors are fragmented and what it means for your account… and an update on current market action.
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:
- Close: 34,265.37.
- Futures: 33,764.
- Change: -393.
S&P 500 (mini)
- Close: 4,397.94.
- Futures: 4,325.25.
- Change: -65.25.
- Close: 14,438.4.
- Futures: 14,152.75.
- Change: 272.25.
- Close: 1,987.92.
- Futures: 1,949.4.
- Change: -36.
Note: Updated as of 9:18 a.m. EST
We’ve all been there before… You buy the dip in your favorite stock…
But then that dip turns into a correction, and then that correction turns into a crash.
Before you know it, two to three months of gains are wiped out in two or three days.
This is what we call blowing up an account… And we see new traders make this mistake all the time.
The key here is to protect yourself by using a built-in hedge…
The hedge allows you to take full advantage of all the gains, but when the market crash finally does come — you’re more protected.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.