U.S. stock futures are higher this morning as the market attempts to recover from weeks of steep losses — and more in Tuesday's stock market recap.
When I sat down to film this video, the E-mini Dow and E-mini Nasdaq futures were up about 400 points and 235 points, respectively, which even in this kind of market volatility is beyond random. It has me curious if these levels will stick in light of the fact that Walmart missed earnings estimates as higher costs and supply chain bottlenecks weigh on profits.
The Federal Reserve has been adjusting its benchmark short-term interest rate of near zero the past two months, pushing the Fed funds rate to a target range of 0.75% to 1%.
But theTLTis starting to become more and more choppy. If this turns into some upside momentum, the bond market will head higher and cause rates to either go lower or stay where they’re at.
If rates go lower, it should relieve some of the pressure on the market.
In this morning’s stock market recap video, I’ll show you whether the bond market is changing its trend… how to gauge current market sentiment… the biggest reports coming out in the next few days… which sector is finally making its move… the significance of sector rotation right now… and the top stock to buy and the bottom stock to sell short.
If you’re one of the traders still waiting for the stock market to crash, don’t hold your breath because I don’t see that happening any time soon.
In fact, there’s one key indicator that has me feeling more bullish than ever…
In light of this positive news, I’ve decided to host an open house at 2 p.m. EDT on Wednesday, May 18!
Inside, I’ll cover everything people need to know about the key indicator I’ve discovered, and I’ll show you why I’m so happy about the oversold market’s trajectory.
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