The major indexes are flat heading into the last week of 2022 — and more in Tuesday’s stock market recap.
With markets closed Monday for Christmas, we have another fragmented week on Wall Street. Many traders stepped away from their desks for the holidays and won’t be back until after the new year — the market is also closed on Monday, Jan. 2 — which leaves us open to subdued trading activity and higher volatility for the rest of the week.
The markets will have a lot of data to digest before the new year, with reports on international trade in goods and services, retail and wholesale inventories, and the Case-Shiller and FHFA housing price indexes all coming out on Tuesday morning.
The rest of the week brings pending home sales, jobless claims, the EIA natural gas and petroleum reports, and the Chicago Purchasing Managers Index.
In this morning’s stock market recap video, I’ll discuss the most likely scenario for stocks in the next few sessions… how to navigate the market right now… which sectors you want to keep a close eye on, and which to avoid going into 2023… whether volatility is set to increase or decrease… what the bond market is telling us about stocks this week… plus how the global economy is playing into the end of the year market cycle!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. My No. 1 Stock Pick for 2023
As we wrap up 2022 and head into the new year, many traders are overwhelmed with fear…
Economic uncertainty, continued interest rate hikes, political instability… the list goes on and on.
Whatever you may feel about next year, I want you heading into 2023 confident and prepared with the best tools possible — and with a game plan.
That’s why I’m holding a one-time, special year-end event at 1 p.m. today, Dec. 27, and you’re invited!
It’s called Turning Point 2023.
During the session, I’ll reveal some of my top predictions, top sectors and my No. 1 stock pick for 2023.
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!
- 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.
