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1 Long, 3 Short Plays Ahead of Wednesday’s FOMC Major Rate News

by | Nov 2, 2022 | Market Updates

The major indexes are mixed ahead of the Federal Reserve’s upcoming interest rate announcement — and more in Wednesday’s stock market recap.

The Fed is expected to raise rates another 0.75% as it grapples with stubbornly high inflation. Investors will pay close attention to the Fed’s remarks for any signs that it’s planning to slow the pace of its hikes going forward… This is key to how the market will react because the 75-basis-point hike is likely already priced in.

Meanwhile, the jobs market remains strong, with 239,000 private payrolls added in October, according to the ADP employment report. This exceeds estimates of 195,000 and September’s 192,000. Wages also increased 7.7% on an annual basis.

In this morning’s stock market recap video, I’ll discuss my expectation for the Fed and what I’m looking for… why I believe blue chips are overdone compared to tech, and likely due to cool off… how sector fragmentation needs to resolve itself… an update on the global economy and how it’s impacting our stocks… the top stock to buy right now and the bottom three to sell!

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

P.S. Introducing the Quantum Indicator

What I’m about to share may be the most impactful discovery in the history of WealthPress…

On Oct. 8, 2022, an entirely new way to enter and exit trades came to life.

It’s a system that has the potential to anticipate the future direction of the stock market a full day in advance.

I call it the “Quantum Indicator.”

I’m so excited about this new indicator, I’m holding a special live training event at 1 p.m. EDT TODAY, Nov. 2, where I’ll show you how to install and even use the Quantum Indicator.

And the best part is… it doesn’t cost a thing to attend!

Sign Up for the Event 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. 

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 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

Roger Scott

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