2 Stocks to Consider as September’s FOMC Meeting Kicks Off

by | Sep 20, 2022 | Market Updates

The major indexes are down as the Federal Open Market Committee kicks off its September meeting — and more in Tuesday’s stock market recap.

While some investors worry we might see a 1% interest rate hike, odds are it will be another 0.75% hike. We can expect trading to be subdued until the Federal Reserve makes its announcement on Wednesday.

In other news, companies are still struggling with supply chain issues as inflation persists.

Ford Motor Co. (NYSE: F) announced Monday that supply problems have caused parts shortages for about 40,000 to 45,000 vehicles. The company also said supplier costs could be about $1 billion more than expected in the third quarter, and Ford stock was down more than 8% just after the opening bell.

Chart showing price action in Ford stock

In this morning’s stock market recap video, I’ll discuss what to expect from the Fed… the major price levels to pay close attention to… whether the bond market is set to rise or fall… an outlook on volatility and why it’s not rising much… an update on the global economy and why it matters right now… an update on the strongest stock and sector… plus a preview of the most likely scenario after this week’s major announcement!

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Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 31,019.68.
  • Futures: 30,916.
  • Change: -203.

S&P 500 (mini)

  • Close: 3,899.89.
  • Futures: 3,890.25.
  • Change: -27.

NASDAQ (mini)

  • Close: 11,953.28.
  • Futures: 11,938.75.
  • Change: -84.25.

RUSSELL (mini)

  • Close: 1,812.84.
  • Futures: 1,807.1.
  • Change: -13.1.

Note: Updated as of 9:22 a.m. EDT

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.

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WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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