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Markets Are Down After the Fed’s Rate Hike — But This Play Is Up

by | Nov 3, 2022 | Market Updates

The market is down following the Federal Reserve’s latest interest rate hike and warnings — and more in Thursday’s stock market recap.

Fed Chair Jerome Powell said “we have a ways to go” Wednesday, and that the level of interest rates needed to bring down inflation looks higher than it did in September. While we don’t know what new target Powell has in mind, it seems the Fed isn’t ready to ease up on hiking rates just yet.

Meanwhile, earnings season continues with a broad mix of companies reporting Thursday, including…

  • Barrick Gold Corp. (NYSE: GOLD).
  • ConocoPhillips (NYSE: COP).
  • Kellogg Co. (NYSE: K).
  • Moderna Inc. (Nasdaq: MRNA).
  • Marriott International Inc. (Nasdaq: MAR).
  • PayPal Holdings Inc. (Nasdaq: PYPL).
  • Starbucks Corp. (Nasdaq: SBUX).

And speaking of earnings season, Roku Inc. (Nasdaq: ROKU) fell 4% Wednesday following its latest earnings report as the company revealed it’s looking at a wider-than-expected fourth-quarter loss. Roku continued to fall another 20% overnight, sinking it almost 25% Thursday morning.

And you’ll recall, I mentioned Roku is one of my top short plays in Wednesday’s stock market recap. This is why I love doing these videos — to bring you timely, actionable ideas like these every day!

In this morning’s stock market recap video, I’ll discuss key language from the Fed that’s positive for the market… which sector is set to give up its gains… which earnings reports I’m focused on and why… whether the market is setting up for a bullish run or a bearish dump… whether volatility is set to rise or fall… an update on momentum levels and why they’re crucial right now… plus a market road map for the next few days!

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 just held a special live training event where I revealed how to install and even use it.

Watch 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. 

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 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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