U.S. stock futures resumed sell-off mode this morning following Wall Street’s short-lived rally on Monday — and more in Tuesday's stock market recap.
I know I’ve spent an awful lot of time talking about the TLT lately, but it has all of my attention right now because it’s been trading sideways. The bond market looks like it is ready to move higher. If that’s the case, it should slow down interest rate hikes, which will also give the market some potential upside.
This is super important because the broader market gets its clues, for lack of a better word, from the bond market…
But what most investors don’t realize is that theRussell 2000and the Communication Services sector were the two assets that triggered the recent downward move after the bond market. So the fact that both of them haven’t hit lower lows while the other major indexes have is a positive sign for the market.
In this morning’s stock market recap video, I’ll show you the biggest factor driving the market right now… what to expect from volatility this week… meaningful resistance levels for the S&P 500 and Nasdaq… an update on Federal Reserve data and the global economy… the top sector and stocks… and the weakest sector and stocks.
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