Stock futures dropped just one day after a strong Federal Reserve-driven rally — and more in Thursday’s stock market recap.
It’s normal to open lower following such a rally. A reprieve is healthy — you don’t want the market to be stretched too far to the upside after being stretched so far to the downside!
The S&P 500 gained 3% Wednesday, its biggest one-day gain in three years. During Wednesday's WealthPress Live Roundtable — join us at 11:30 a.m. EDT each week! — Joy of the Trade’s Jeff Zananiri predicted we would have a big move, and we got one! And Jeff is going live again at 1 p.m. Thursday to reveal his take on what’s going to happen next.
Jeff has been nailing all of his big predictions in 2022, so be sure to join him!
Along with Wednesday’s 0.50% rate hike, the Fed appears to have ruled out future 0.75% increases, with Chair Jerome Powell saying 50-basis-point hikes remain under consideration at the Fed’s next two meetings in June and July.
In this morning’s stock market recap video, you'll learn which way the market is headed… why Wednesday's move was significant… how to read the bond market… an earnings preview… how to stay out of trouble given the current volatility… plus my top sector right now.
In fact, according to former $700 million hedge fund manager Jeff Zananiri, there are multiple crashes coming.
He’s been trying to warn traders for weeks now…
And he’s going live at 1 p.m. EDT today, Thursday, May 5, to reveal a unique opportunity to play both sides!
Because if traders aren’t primed to take advantage of market crashes, they could be left on the sidelines watching the grand slam opportunity of the decade pass by.
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