The market is tanking once again on hot inflation data — and more in Wednesday’s stock market recap.
The Consumer Price Index showed month-over-month inflation for September came in at 0.4% versus estimates of 0.3%, and 0.6% excluding food and energy versus estimates of 0.4% — no soup!
In today’s video, we’ll discuss whether or not the global economy is pushing U.S. stocks lower… which sector continues to lead ahead of all others… why I’m becoming increasingly bullish on the indices… key levels to pay attention to on volatility and momentum studies… preview today’s CPI report and explain the impact of each number… preview earnings ahead next few days… and I’ll give you a realistic view of the market and what to expect next.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Why This Trader Loves Mondays
For New Money Crew’s Lance Ippolito, Mondays are the best!
He can’t wait to get in front of his computer each morning to see how his three weekend Wiretap Trade Alerts have performed.
And more often than not, he’s thrilled!
The success he’s seen with this strategy has exceeded his wildest expectations…
Right now, the portfolio stands at 116 winners and 47 losers.*
Lance wants everyone to have the chance to feel this kind of excitement, that’s why he’s offering a special deal…
*We make no future earnings claims, and you may lose money. From Sept. 9, 2021, through Oct. 12, 2022, the win rate on live trades is 71%, and the average return is 15% on the options over a three-day average hold time.
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!
- 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.
