While there isn’t much data being released Monday, the rest of the week is going to be full of reports. The biggest and most important will be Thursday’s gross domestic product data, which will give us a good idea of if the economy is expanding or contracting — and more in Monday’s stock market recap.
Stock Market Recap
In Monday’s stock market recap, Federal Reserve Chair Jerome Powell said Friday the central bank isn’t prepared to raise interest rates as it expects inflation to continue due to ongoing supply chain issues. This is good news for the bond market and puts pressure on stocks. Rising costs for raw materials and transportation will ultimately decrease corporate profits.
The latest consumer confidence report is scheduled to drop Tuesday. This report is important because it will reflect on the upcoming GDP report.
It could be a good time to lower exposure as we might experience a rise in volatility in the next few weeks. So I reviewed the S&P 500 sectors to know what kind of stocks to trade in the near term.
Roger’s Radar: Top Sectors for the Week Ahead
I know I’ve been hyping Energy a lot lately, but it’s still my favorite sector. We’re already facing an energy shortage, and it’s only going to get worse as temperatures drop.
The Financial sector is another one of my favorites, and banks have been crushing it on earnings.
But that’s not all… There are two other sectors I’m eyeing that are doing particularly well…
In this video, you’ll discover the biggest threats for stocks this week… whether the supply chain issue is bigger than expected… whether stocks are set to soar or drop this week… why bonds are crucial to watch right now… why Tuesday’s consumer data is vital… and which sectors are ready to take off.
Enter on Tuesday and Exit on Friday
Legendary trader Tom Busby just discovered something shocking about the stock market…
He found a little-known pattern that occurs at the opening bell every Tuesday. And traders who catch onto it could find themselves in the driver’s seat for the easiest four-day gains they’ve ever seen.
Remember this: In on Tuesday, out on Friday.
Tom kept this strategy to himself for a year, only allowing access to select investors for a few months now…
Since he’s opened his strategy, members have been able to place trades with gains like 107.60% on GSHD and 47.18% on BX.
