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Prepare for Today’s Trading Action With These 2 Hot Stocks

by | Jun 29, 2022 | Market Updates

U.S. stock futures are mixed this morning as Wall Street continues to search for stability and the bottom of the latest market sell-off — and more in Wednesday’s stock market recap.

On the agenda for Wednesday is the first-quarter gross domestic product report, which is extremely important because consumer spending accounts for about two-thirds of the U.S. economy.   

GDP came in at -1.6% after estimates of -1.5%.

As most of you already know, the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) is trading sideways, which means the bond market isn’t assimilating any more significant interest rate hikes into its price. 

That means the longer the bond market remains choppy, the better it is for stocks — and the less likely the Federal Reserve will raise long-term rates… 

But if the bond market starts to move downward again, and I believe it will and it’s only a matter of time, it’ll put more pressure on stocks.  

In this morning’s stock market recap video, I’ll go over what we can expect from the GDP report… the most probable reaction the bond market and volatility will have from it… whether stocks are set to go higher or lower… why the major sectors are out of balance right now… an update on the global economy and what to expect over the next few trading sessions… and the top and weakest stocks to start targeting right now. 

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. Summer is here and that means most of us want to travel, enjoy time with our family or hit the pool… 

Heck, all of the above!

But you’re probably spending more time worrying about what the Federal Reserve or S&P 500 will do next.

So it’s time to cut it out! 

Worrying isn’t going to get you anywhere, especially when there’s a better approach… 

Trading legend Tom Busby just shared the details of his Single Stock Game Plan with me, and I was blown away by this hyper-focused trading method! 

Tom has slashed the worry and stress from his life, all by focusing on one stock, one trade, one opportunity to profit at a time… Now he spends his free time however he wants!

Click 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: 30,946.99.
  • Futures: 31,012.
  • Change: +82.

S&P 500 (mini)

  • Close: 3,821.55.
  • Futures: 3,830.25.
  • Change: +4.75.

NASDAQ (mini)

  • Close: 11,637.77.
  • Futures: 11,673.75.
  • Change: -0.5.

RUSSELL (mini)

  • Close: 1,738.84.
  • Futures: 1,740.
  • Change: +1.90.

Note: Updated as of 9:22 a.m. EDT.

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 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

Roger Scott

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