Fears of a recession and longer-than-expected rate hiking cycles from the Federal Reserve continue to weigh on the markets — and more in Wednesday’s stock market recap.
Worried the Fed won’t be able to curb inflation and avoid a recession, investors are concerned about the possibility of an economic downturn in 2023.
CEOs from several top companies — such as JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon and Walmart Inc. (NYSE: WMT) CEO Doug McMillion — weighed in on the possibility of a recession Tuesday on CNBC.
Dimon said the current global crises and continued rate hikes “may well derail the economy and cause this mild to hard recession that people are worried about.”
In this morning’s stock market recap video, I’ll discuss why I believe stocks have more downside pressure before they turn higher… which sector has the weakest relative strength and why… the two stocks I’m increasingly bullish on… the two stocks I would sell right now… an update on market internals and momentum levels… an update on key sectors and the Fed data that will impact them… plus an objective view of the market and what to expect next.
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 p.m. ET TODAY, Dec. 7, 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.
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 email@example.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.