This Week’s BIG Fed Report, Earnings, Plus Inflation Data [What You Need to Know]

by | Jul 11, 2022 | Market Updates

Futures fell to start the week as traders prepare for earnings season — and more in Monday’s stock market recap.

PepsiCo Inc. (Nasdaq: PEP) and Delta Air Lines Inc. (NYSE: DAL) will be the first to report earnings Tuesday and Wednesday, respectively, while JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) report at the end of the week.

On Monday and Tuesday, several Federal Reserve members will speak and the focus will be whether or not they seem confident in the economy, especially since their statements will come ahead of Wednesday’s Consumer Price Index (CPI) report…

The CPI will tell us how inflation is affecting consumers. The consensus this time around is 8.8%, which is relatively high — the previous reading came in at 8.6% and it caused major indexes to plummet.

In this morning’s stock market recap video, you’ll learn why bonds are more important than ever… get a critical update on the Energy sector… learn how to interpret the upcoming CPI report… a breakdown of the top earnings this week… and how I’m trading this market.

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. Did You Catch This Urgent Training Session?

The market sits at a major crossroad.

No one knows for sure which way things will move next. And anyone that tells you otherwise is lying.

That’s why it’s critical to use strategies that have the opportunity to do well — regardless of which direction the market moves. And that’s why I’ve baked it into a strategy that I just shared LIVE, at no cost!

Watch the Session 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. 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 31,338.15.
  • Futures: 31,123.
  • Change: -187.

S&P 500 (mini)

  • Close: 3,899.38.
  • Futures: 3,873.5.
  • Change: -27.75.

NASDAQ (mini)

  • Close: 12,125.69.
  • Futures: 12,057.75.
  • Change: -94.

RUSSELL (mini)

  • Close: 1,769.36.
  • Futures: 1,755.9.
  • Change: -13.5.

Note: Updated as of 9:25 a.m. EDT

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!

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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