U.S. stock futures are down big Wednesday as investors prepare for the Federal Reserve to pursue even more aggressive interest rate hikes — and more in Wednesday’s stock market recap.
The bond market also headed lower Wednesday morning. This means rates are set to go higher, which will put more pressure on stocks. And that’s a big part of the reason why the market fell apart Tuesday and opened lower Wednesday.
Investors await the minutes from the most recent Federal Open Market Committee meeting, which should shed more light on the Fed’s stance toward future rate hikes.
The market seems to be reacting to higher interest rates more than the war, meaning the war has been priced in for the most part.
In this morning’s stock market recap video, you’ll learn whether the market is reverting lower or about to bounce back higher… which sector is holding on the best… what market internals are telling us right now… whether the Fed is going to take major action next month… an update on the bond market and its breakdown… the top stock for upside opportunity… and the bottom stock for downside opportunity.
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 Yield Curve Just Inverted…
And the Federal Reserve could do something extreme!
So I’m going live at 1 p.m. EDT today to give away my No. 1 sector play for the next six months… and it doesn’t cost a thing to attend!
Markets have been resilient lately despite a war and interest rates that are almost certain to rise again soon. So this is a confusing time for some traders.
Join me to go over the only strategy I know of that’s been able to crush S&P 500 returns by 9 ½ times over the past 12 years.*
Click Here to Join Today’s Event!
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:
- Close: 34,641.18.
- Futures: 34,333.
- Change: -217.
S&P 500 (mini)
- Close: 4,525.12.
- Futures: 4,482.
- Change: -38.
- Close: 14,820.64.
- Futures: 14,611.75.
- Change: -216.25.
- Close: 2,046.04.
- Futures: 2,028.3.
- Change: -14.7.
Note: Updated as of 9:28 a.m. EDT
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 firstname.lastname@example.org!
- 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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.