The Nasdaq and Dow are both up almost 200 and 300 points, respectively, this morning as the Federal Reserve is scheduled to speak on potential interest rate hikes — and more in Wednesday’s stock market recap.
During times of war, the Fed normally wouldn’t raise rates. So there’s a chance it could hold off on this decision. If that’s the case, the market could post another big rally.
When we look at the bond market, regardless of the headlines and whether the other indices are up or down, it continues to fall. This indicates it’s already priced in the potential interest rate hike.
Retail sales also came in lower than expected, growing 0.3% versus an estimate of 0.4%.
But I wouldn’t worry about these numbers too much. As we move past the holidays, consumers ease up on their purchases and retail sales typically slow down during the first quarter of the year.
In this morning’s stock market recap video, you'll discover which three sectors are leading… whether energy and metals will rise again… why today's Fed data is crucial for the economy… plus one long and one short stock to trade, with price levels.
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.
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