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Get Ready for Election Volatility, Plus My Strongest Sector, Stock

by | Nov 8, 2022 | Market Updates

Earnings are winding down, but we still have some heavy hitters like Walt Disney reporting. Not to mention, there are still plenty of catalysts driving the market…

We have the midterm elections on deck this week, as well as the latest inflation data coming in Thursday’s Consumer Price Index report. We’ll cover all this and more in today’s The Big Picture, and we’re just about to get started at 10 a.m. ET!

Go here to join!

In today’s session, I’ll sit down with Jack Carter to discuss how this week’s data stands to affect the broader market, and our portfolios…

Use this link to join us today and at 10 a.m. ET every Tuesday: https://us02web.zoom.us/j/85785766640

Stock Market Recap, Nov. 8, 2022

The broader indexes are up following Monday’s winning session as Wall Street awaits midterm election results — and more in Tuesday’s stock market recap.

The market’s reaction to a Republican win would be muted, as the GOP is favored to win the House. A surprise Democratic win would likely weigh on equities, as Wall Street would expect more corporate tax increases.

Meanwhile, earnings season continues with Take-Two Interactive Software Inc. (Nasdaq: TTWO) and Tripadvisor Inc. (Nasdaq: TRIP) down more than 18% in premarket trading, and Lyft Inc. (Nasdaq: LYFT) down 20% on disappointing quarterly reports.

In this morning’s stock market recap video, I’ll discuss how the election is impacting the stock market… how to gauge stocks in the next few days… the biggest report out this week… how bonds are reacting to recent Federal Reserve data and the elections… the top sector and why it’s important right now… which stocks to buy and which to fade… plus whether market sentiment is showing more upside or overdone market conditions.

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

P.S. 2022 Elections Have Volume Going Crazy!

Throughout the past week, New Money Crew’s Lance Ippolito noticed higher volume pushing stock prices around…

And his gut tells him it has a lot to do with Tuesday’s midterm elections.

With volume picking up, we could see a wild week of trading…

That’s why Lance just held a special live trading session to review a handful of stocks seeing the most trading volume.

He offered the chance to look over his shoulder as he went hunting for some high-volume stocks using the Master Indicator.

Watch the Presentation 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

Roger Scott

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