The markets opened higher following hopes that ceasefire talks between Russia and Ukraine will progress — and more in Friday’s stock market recap.
Despite opening down on Thursday, stocks managed to end the day almost positive.
This tells me we’re not entering a recession, as some investors fear. When we enter a recession, there’s usually far less volatility.
But the fact that we’re seeing volatility indicates that investors are still in the markets, they’re just anxious. And inflation and talk of interest rate hikes certainly doesn’t help.
The Federal Reserve is expected to raise rates by a quarter of a percentage point, the first hike since 2018.
Since higher rates slow the economy, the Fed is walking a tightrope, trying to bring down inflation but not cause a recession.
However, it seems like the bond market has already priced in the rate hike, and I’ll explain why in this video.
In this morning’s stock market recap video, you’ll learn the three factors predicting bulls will win over the bears… an update on the bond market and interest rate fluctuations… a full review of market internals including volatility levels… a review of major Fed data… an update on the Dow and S&P 500 levels… where money is flowing into the past few days… and what to expect from the market 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. Traders Left to Fend for Themselves
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
Our biggest winners were found by cutting all the deadweight out of the market, focusing only on the strongest stocks.
So I’m going live at 1 p.m. EST today to go over my Super Stocks algorithmic trading strategy.
Tune in even if you stopped by earlier this week as I will be giving away five stocks to take action right now!
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: 33,174.07.
- Futures: 33,266.
- Change: +222.
S&P 500 (mini)
- Close: 4,259.52.
- Futures: 4,281.25.
- Change: +32.75.
- Close: 13,591.
- Futures: 13,723.
- Change: +139.75.
- Close: 2,011.67.
- Futures: 2,017.2.
- Change: +9.5.
Note: Updated as of 9:29 a.m.
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 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.