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Central Banks Shock Global Markets as Wall Street Falls Through Support

by | Dec 20, 2022 | Market Updates

Before we begin, I want to invite everyone to join True Trend Pro’s Celeste Lindman for a special live training session at 10:30 a.m. ET today, Dec. 20!

She’ll discuss:

  • Market projections through the first two weeks of January.
  • Whether we’ll find a Santa surprise or Grinch garbage in our stockings.
  • How to spot market anomalies.
  • And the importance of trading with a sound mind versus being emotional.

Use this link to join the session at 10:30 a.m. ET today: https://us02web.zoom.us/j/84204743388

Now, let’s move on to Tuesday’s stock market recap…

The major indexes are flat as investors fear we might not see a Santa Claus rally this year…

The Federal Reserve raised its benchmark interest rate by 0.50% last week, with policymakers revealing the terminal rate could reach 5.1%.

Hawkish activity from other central banks is also stoking fears… The European Central Bank raised rates and its outlook for future hikes last week, and the Bank of Japan widened its target range for 10-year government bond yields early Tuesday morning to soften the effects of monetary stimulus.

All eyes this week will be on several key reports for more clues about the health of the U.S. economy… We have consumer confidence on Wednesday, gross domestic product on Thursday and consumer sentiment on Friday.

In this morning’s stock market recap video, I’ll discuss whether bonds have more downside or upside ahead… what market internals are pointing to right now… the top sector and top stock in the S&P 500… the bottom sector and its weakest stock… how to navigate the market during the holidays… a major update on key Fed data that will impact stock prices… and an earnings update on several large cap stocks due today!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Don’t Miss This Live Training!

With the markets so unpredictable and volatile lately, it’s been tricky to trade, even for pros.

That’s why I love my Quantum Indicator.

It allows me to quickly scan for stocks due for a pullback or bounce, signaling potential long and short trades.

And I’m going live at 1 p.m. ET on Wednesday, Dec. 21, to share how it works… what it’s signaling… and how it can be a great addition to any trader’s toolbox.

Reserve Your Spot Here

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. 

On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.

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

WRITTEN BY
Roger Scott

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