Turnaround Tuesday is living up to its name this week!
You have to love this market… one whiff of positive sentiment and the buy programs come flooding in.
At the top of the list of frustrations in markets like this is that the top market catalysts of any given week — this being the week of March 14, 2022 — are going to be headline-driven...
The indexes rallied Tuesday on hopes that maybe the conflict in Ukraine will come to an end sooner than later.
Oil dropped below $100 per barrel for the first time in two weeks on the news, prompting a hefty sell-off in energy stocks…
And just like we discussed last week, Tuesday’s bounce is being led by tech names... New Money Crew Weekend Watchlist member Microsoft jumped as over 3% on the day while chipmakers AMD and NVIDIA topped more than 6% in gains.
Green days like this are a great feeling, but I shouldn’t have to remind traders that these aren’t markets where we want to fall in love.
All it took was a couple of headlines to spark this rally, and it can all come crashing down with the next big story or tweet.
But even though headlines are blowing the markets around, traders still need to know what top market catalyst events are on tap this week…
Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Turnaround Tuesday: Can Powell & Co. Keep the Bulls Happy?"
Post a Comment