U.S. stock futures are trading higher this morning as Wall Street attempts to recover from a string of losses following strong earnings from the retail sector — and more in Thursday’s stock market recap.
Shares of Macy’s Inc. (NYSE: M) jumped about 15% in premarket trading as the company raised its profit guidance, while discount retailers Dollar Tree Inc. (Nasdaq: DLTR) and Dollar General Corp. (NYSE: DG) rose roughly 12% and 10%, respectively.
However, my eyes are still glued to the bond market…
The iShares 20 Plus Year Treasury Bond ETF (Nasdaq: TLT) has turned around and is starting to trade higher. Now, I don’t believe it will turn around for the long term. But it is a bullish sign that the market doesn’t believe that short-term interest rates need to go much higher.
In this morning’s stock market recap video, I’ll give you four signs that the market is recovering… a preview of Thursday’s gross domestic product report and its impact on the bond market… why small-cap stocks are turning around and what it means for the bulls… a deep dive into recent market volatility… and the one sector I’m laser focused on 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. A lot of my students come to me because they’ve failed to make money in the stock market, or they’ve struggled with consistency…
Well, if you fail to plan, you are planning to fail…
That’s why having a trading plan is so important, especially during the crazy conditions we’re in right now!
So if you’re struggling to gain an edge in this market and finding yourself on the losing side of trades more often than you’d like…
It’s not your fault…
Which is why I’ve decided to reveal my “Zip Trades” plan that I’ve been following in 2022 to smash the stock market.
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: 32,120.28.
- Futures: 32,265.
- Change: +191.
S&P 500 (mini)
- Close: 3,978.73.
- Futures: 3,995.75.
- Change: +19.
- Close: 11,943.93.
- Futures: 11,955.25.
- Change: +13.
- Close: 1,799.16.
- Futures: 1,808.6
- Change: +11.8.
Note: Updated as of 9.20 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.