Why the Market Is at a Crossroad and What It Means for Stocks Today

by | Jun 10, 2022 | Market Updates

U.S. stock futures are lower this morning after May’s Consumer Price Index report revealed that prices consumers are paying for goods and services have increased faster than expected — and more in Friday’s stock market recap.

The latest CPI report showed a year-over-year increase of 8.6%, which is the highest level we’ve seen since 1981. The CPI is also higher than expected on a monthly basis, up about 1%… 

As I mentioned on Thursday, the SPDR Dow Jones Industrial Average ETF Trust (NYSEArca: DIA), which tracks 30 large-cap Dow stocks, has been trading in the same range for quite awhile now. 

Well, it has since broken down… 

The DIA has now hit a multi-day low. But the good news is that if this is just a little shakeout, we’ll know about it soon because the DIA will either gain composure, or it’ll continue trading lower and head toward the bottom.

In this morning’s stock market recap video, I’ll give you a deep dive into the 11 major sectors… an update on the most recent CPI report… in-depth analysis of the bond market and volatility levels… review my three winning trades from this week… and explain what traders and investors can expect from stocks heading into next week. 

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. With gas prices at record highs and no signs of dropping while renowned strategists warn of a recession… 

It’s become clear that Washington has failed to financially protect the American public from what was and is still to come.

That’s why I’m reaching out to you directly with an educational advantage… 

But let me be clear: I’m not promoting a specific strategy or key indicator to help win big gains… 

I’m simply warning my students of the possible dangers ahead and hosting a private workshop at 9 a.m. EDT on Saturday, June 11, where you can learn to take control of your financial education.

RSVP 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: 32,272.79.
  • Futures: 31,811.
  • Change: -425.

S&P 500 (mini)

  • Close: 4,017.82.
  • Futures: 3,957.75.
  • Change: -60.5.

NASDAQ (mini)

  • Close: 12,269.78.
  • Futures: 12,096.75.
  • Change: -212.

RUSSELL (mini)

  • Close: 1,850.86.
  • Futures: 1,823.9.
  • Change: -26.7.

Note: Updated as of 9:21 a.m. EDT.

On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies. 

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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