U.S. stock futures traded lower this morning despite two consecutive days of gains on Wall Street — and more in Wednesday’s stock market recap.
Even though the Federal Reserve will soon make its decision whether or not to raise interest rates again in the next week or so, the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) still remains choppy. The fact that the long bond isn’t reacting in a bad way to this is a bullish sign for stocks.
I believe the bond market will eventually break lower. But the slower it does so, the more time it gives the market to recover. And the more time stocks have to recover, the less of a chance we’ll spiral into a recession.
In other words, the bond market’s recent price action buys us some time…
The Consumer Price Index report, which measures the change in prices paid for goods and services by consumers, comes out on Friday. If the CPI shows a slight reprieve, it’ll be positive signs that the worst inflationary pressure is behind us.
In this morning’s stock market recap video, I’ll show you the three signs telling me that the market is stabilizing… the biggest Fed report to watch out for this week… an update on volatility and the bond market… key levels to pay attention to on small caps… the top stock with global exposure… and one bottom stock that’d make a nice short hedge.
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. The stock market downturn started off looking bad for young investors. But after years of damage, it’s become a struggle for everyone…
My friend’s 401(k) has fallen 30%, and I’m willing to bet you or someone you know is in a similar boat.
And what I’m finding with most traders right now is they have zero confidence — they’re downright scared to even move a dime.
More than anything right now, retail traders need help and education…
That’s why I’m hosting a private workshop at 9 a.m. EDT on Saturday, June 11, so I can show everyone how I’ve remained focused during these times, and how they can stitch up their pockets for the future.
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:
- Close: 33,180.14.
- Futures: 32,979.
- Change: -186.
S&P 500 (mini)
- Close: 4,160.68.
- Futures: 4,139.
- Change: -19.75.
- Close: 12,711.68.
- Futures: 12,659.25.
- Change: -54.25.
- Close: 1,919.56.
- Futures: 1,908.5.
- Change: -10.1.
Note: Updated as of 9:21 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 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.