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Markets Surge on Big Retail Earnings, Latest Inflation Data

by | Nov 15, 2022 | Market Updates

Earnings are winding down, but with the retail sector and companies like Cisco and Tyson Foods yet to report, there’s plenty of news driving market action this week.

In today’s The Big Picture, I’ll sit down with Fausto Pugliese, founder and president of Cyber Trading University. Pugliese began his career on Wall Street as a stockbroker, is a 12-time champion ot the World Traders Challenge, and has appeared on Fox News and CNBC.

With the collapse of crypto exchange FTX, it’s sure to be a lively discussion!

We’ll cover all this and more, and we’re just about to get started at 10 a.m. ET!

Go here to join!

Stock Market Recap, Nov. 15, 2022

The markets jumped higher Tuesday morning as the most recent data indicates that inflation is slowing — and more in Tuesday’s stock market recap.

The Producer Price Index, a report that provides insight into how inflation affects producers, and how they pass those costs on to consumers, rose 0.2% for the month versus 0.4% expected.

Last week’s Consumer Price Index also came in below expectations, sparking a huge relief rally. Investors will look to the Federal Reserve to see what this week’s speakers have to say.

In this morning’s stock market recap video, I’ll discuss why I believe blue chips are overbought… what sectors offer the most upside advantage and which are set to decline… where the biggest vulnerability is in stocks right now… an update on earnings for two huge retailers… plus the strongest stock in the strongest sector, and weakest stock in the weakest sector.

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Did You Miss My Live Training?

The volatility we’re likely to see in the coming weeks could make the past year look tame…

That’s why I just held a special, live class to share the five market entry signals every trader should know.

I showed how to use them, pull historical win rates, profit factors and so much more… all in this no-cost session!

Watch the Session Here 

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. 

On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.

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 support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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