U.S. stock futures bounced following the S&P 500’s fall to its lowest level in over a year — and more in Tuesday’s stock market recap.
The brutal selling in the stock market has been caused in part by the rise in the 10-year Treasury yield as traders fear the Federal Reserve is unable to control inflation.
The yield on the 10-year fell below 3% premarket Tuesday morning as the major indexes moved higher.
President Joe Biden is set to deliver comments on inflation Tuesday ahead of key reports coming out on Wednesday and Thursday — the Consumer and Producer price indexes.
We’re also seeing the beginnings of a major sector rotation... For months, the Energy sector was leading and Communications Services was lagging. But all that has changed.
That’s also why I’m holding a special live training session at 1 p.m. EDT today, Tuesday, May 10, to help you prepare for what comes next.
In this morning’s stock market recap video, you’ll learn why the Energy sector is no longer leading… why Communications Services is no longer lagging… the major report to watch this week… an earnings update… the key levels for the long bond and stocks… plus a major sector rotation could be happening!
I’m hosting an urgent live training session at 1 p.m. EDT on Tuesday, May 10, and I want everyone to be there!
I’ve been testing a strategy looking for patterns in the stock market leading up to Federal Reserve announcements… and I’ve found what I believe could be the best trading opportunity I’ve ever seen.
I want to reveal it so those who want to take action before the next meeting in June can…
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