The major indexes headed higher to start the week, with several catalysts looming on the horizon — and more in Monday’s stock market recap.
Investors are awaiting November’s Consumer Price Index data, which will be released at 8:30 a.m. ET on Tuesday, looking for any sign that inflation is easing after the number for October showed some improvement.
The Federal Reserve’s two-day meeting also starts Tuesday, with the central bank expected to announce its next rate hike on Wednesday.
Confirmation of the expected rate hike isn’t all investors will be keen to hear, however, as Fed Chair Jerome Powell’s forward-looking guidance will also be key to market reaction.
In this morning’s stock market recap video, I’ll reveal the biggest catalyst this week in the stock market… why I believe the bond market is overbought… whether energy stocks are pulling back or losing long-term momentum… how to gauge current stock market action… an update on momentum levels in the Dow and S&P 500… and whether stocks are ready to soar or sink.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market…
Stocks could soar or plummet in a matter of minutes.
That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement…
And we’re going LIVE at 1:00 p.m. ET TODAY, Dec. 12, for the big reveal!
It’s a presentation you don’t want to miss… And the best part is it doesn’t cost a thing to attend!
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: 33,476.46.
- Futures: 33,476.46.
- Change: +75.
S&P 500 (mini)
- Close: 3,934.38.
- Futures: 3,980.
- Change: +12.
NASDAQ (mini)
- Close: 11,563.33.
- Futures: 11,713.
- Change: +30.
RUSSELL (mini)
- Close: 1,796.66.
- Futures: 1,816.9.
- Change: +5.7.
Note: Updated as of 9:28 a.m. ET
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!
- 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.
