Markets are flat despite more war-related news out of Ukraine and renewed energy concerns — and more in Thursday’s stock market recap.
Oil prices fell following reports that President Joe Biden would release oil reserves to cool off rising prices.
But the shelling continues near Kyiv just after Russia said it would scale back operations in the region.
This news, combined with Wednesday’s soft gross domestic product report, could have the Federal Reserve back off from raising rates again as expected.
U.S. fourth-quarter 2021 GDP came in at 6.9% growth vs. 7.0% expected.
When GDP is soft, it indicates the economy isn’t growing as fast as we expect. And if the Fed were to pull back, bonds would go higher instead of lower, which would ease some of the pressure on the stock market because when bonds go up, interest rates go down.
And we’ve been seeing the bond market move higher the past few days, which tells us the Fed might not raise rates according to its aggressive schedule.
In this morning’s stock market recap video, you’ll discover the important clues the bond market is giving us right now… what Wednesday’s GDP revealed about the economy… a major review of indices and price levels… whether we’re consolidating or rising again… plus the top sector and stock to pay attention to.
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!
The markets have been up and down to say the least… In fact, it’s been like a roller coaster…
The Dow alone has been swinging on average 500 to 700 points every single day over the past few weeks…
And that can either demolish an account… or it can be the greatest edge a trader could possibly have…
What will it be for you?
Let Joy of the Trade Head Trader Jeff Zananiri explain what we mean in this video.
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: 35,228.81.
- Futures: 35,077.
- Change: -40.
S&P 500 (mini)
- Close: 4,602.45.
- Futures: 4,594.25.
- Change: -1.75.
- Close: 15,071.55.
- Futures: 15,094.25.
- Change: +22.75.
- Close: 2,091.07.
- Futures: 2,084.6.
- Change: -3.9.
Note: Updated as of 9:25 a.m. EDT
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.