U.S. stock futures are up ahead of the Federal Reserve’s announcement following its two-day meeting — and more in Wednesday’s stock market recap.
It’s expected that the Fed will raise interest rates 50 basis points to fight inflation, which is already priced into the bond market.
If the Fed goes ahead with a 0.50% hike, we should see a relief rally… But if it decides on a more-aggressive 75-basis-point hike, things are going to get ugly.
Earnings season continues with Moderna Inc. (Nasdaq: MRNA) exceeding revenue and profit expectations, sending shares up 4% in premarket trading.
CVS Health Corp. (NYSE: CVS) also rose about 1.5% premarket on better-than-expected earnings and revenue.
In this morning’s stock market recap video, you’ll learn how the market will react to the latest Fed data… whether stocks are set to rise or fall… an update on the bond market and the most likely scenario ahead… whether volatility is rising or falling, and its impact on stocks… an update on the global economy and how it’s impacting stocks… plus my top long and short trades complete with options strike prices.
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 Federal Reserve is expected to make a major move on May 4…
If it raises rates 0.75%… will all hell break loose?
If it only raises 0.25%… will markets soar?
No matter what happens, stocks are going to MOVE… big time!
And traders MUST be prepared to take advantage!
Former $700 million hedge fund manager Jeff Zananiri is preparing for the massive moves ahead.
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: 33,128.79.
- Futures: 33,090.
- Change: +55.
S&P 500 (mini)
- Close: 4,175.48.
- Futures: 4,176.75.
- Change: +8.
- Close: 13,089.9.
- Futures: 13,104.25.
- Change: +16.
- Close: 1,898.86.
- Futures: 1,902.
- Change: +6.6.
Note: Updated as of 9:23 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.