We finally have the inflation data we’ve been waiting for, and the markets are already reacting — and more in Wednesday’s stock market recap.
The consumer price index (CPI) rose 9.1% on a year-over-year basis for the month of June, coming in above both estimates of 8.8% and May’s reading of 8.6%.
At the time of this writing, the Nasdaq fell 1.33% and the S&P 500 dropped almost 1% on the news.
We’ll want to keep an eye on the bond market to see how it reacts.
If the bond market goes down, it means the economy is actually doing better than we thought… But if the bond market rallies, that means the economy is in worse shape than we thought.
A rising bond market means there’s less of a chance of the Federal Reserve increasing rates, which would mean we’re closer to a recession than we thought, and the Fed backing away from raising rates in an attempt to avoid a recession.
In this morning’s stock market recap video, I’ll reveal more details on the CPI report… the key levels to watch out for… major assets that will move and why… the top stock to trade and the weakest stock to fade right now… how to interpret the long bond in light of the volatility… plus the top sectors to watch.
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!
A lot of folks are running for the hills right now… And with the economy in the dumpster, I can’t really blame them…
However, I fully believe that if you sit on the sidelines over the next 49 days, you could miss out on something really, really big!
A $1.5-trillion event is coming in September… And if you think my plan is about shorting the S&P, think again!
It’s NOT about rushing into gold, commodities, bonds or crypto either… It’s all about a mathematical correlation between two stocks…
And where one stock wins, the other loses.
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 firstname.lastname@example.org!
- 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.