The major indexes are mixed as investors await the Federal Reserve’s meeting minutes, due out Wednesday afternoon — and more in Wednesday’s stock market recap.
Investors will look to the meeting minutes for insight into the Fed’s approach on monetary policy and the pace of future rate hikes ahead of its next meeting in December.
The market is also digesting several key reports… October’s durable goods data came in better than expected at 1% versus estimates of 0.5%. Meanwhile, jobless claims data came in at 240,000 versus the 225,000 expected, signaling the labor market may be weakening.
In this morning’s stock market recap video, I’ll discuss if the market is ready to trade higher or lower… why today is a dangerous day for the markets… which report is key and what I’m expecting from the Dow… how to navigate today’s market with all the Fed data and earnings… plus why I believe markets are grossly overbought and what to expect next week!
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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!
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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.