Markets are flat despite more war-related news out of Ukraine and renewed energy concerns — and more in Thursday’s stock market recap.
Oil prices fell following reports that President Joe Biden would release oil reserves to cool off rising prices.
But the shelling continues near Kyiv just after Russia said it would scale back operations in the region.
This news, combined with Wednesday’s soft gross domestic product report, could have the Federal Reserve back off from raising rates again as expected.
U.S. fourth-quarter 2021 GDP came in at 6.9% growth vs. 7.0% expected.
When GDP is soft, it indicates the economy isn’t growing as fast as we expect. And if the Fed were to pull back, bonds would go higher instead of lower, which would ease some of the pressure on the stock market because when bonds go up, interest rates go down.
And we’ve been seeing the bond market move higher the past few days, which tells us the Fed might not raise rates according to its aggressive schedule.
In this morning’s stock market recap video, you’ll discover the important clues the bond market is giving us right now… a major review of indices and price levels… whether we’re consolidating or rising again… plus the top sector and stock to pay attention to.
My Top Long and Short Trades Heading Into a BULLISH April
March 28, 2022
In Wednesday’s stock market recap, we take a look at April, which is bullish from a historical perspective and the third best performing month on average.
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