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My Top 2 Sectors for a Data-Heavy Week on Wall Street

by | Apr 11, 2022 | Market Updates

U.S. stock futures are down to start a data-heavy week on Wall Street — and more in Monday’s stock market recap.

We have the Consumer Price Index coming Tuesday — the biggest report of the week by far — followed by the Producer Price Index on Wednesday. These reports will show how inflationary pressure is affecting consumers and producers, respectively.

If inflation continues to rise or is still high, the Federal Reserve can justify its aggressive interest rate-hiking actions going forward. But if we get a sense inflationary pressure is easing, the Fed could ease up on future rate hikes.

These reports, especially the CPI, will set the tone for the rest of the week.

We also have retail sales on Thursday. As I’ve said before, retail sales represent two-thirds of the economy, so this is always an important report.

In this morning’s stock market recap video, you’ll discover whether the bond market is oversold or ready for more downside action… whether market internals are bullish or bearish… key levels for major indices and the most likely scenario ahead… the best way to approach the current market cycle… plus the two sectors I’m most bullish on right now.

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!

P.S. The Insider Story No One Is Telling… 

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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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 34,721.12.
  • Futures: 34,486.
  • Change: -129.

S&P 500 (mini)

  • Close: 4,488.28.
  • Futures: 4,451.25.
  • Change: -32.25.

NASDAQ (mini)

  • Close: 14,327.26.
  • Futures: 14,152.25.
  • Change: -174.75.

RUSSELL (mini)

  • Close: 1,994.56.
  • Futures: 1,983.1.
  • Change: -8.

Note: Updated as of 9:20 a.m. EDT

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!

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 support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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