U.S. stock futures traded higher this morning as Wall Street attempts to sustain its rebound from the bear-market lows — and more in Tuesday's stock market recap.
We have the Consumer Confidence report on the table Tuesday, which measures how confident consumers feel about the overall state of the economy. The consensus range is 95 to 104, but anything above 101 will be good news for stocks.
If this report bodes well leading into Wednesday’s gross domestic product report, then that would go a long way…
But another major factor traders and investors need to pay attention to is the horizontal trading action on the TLT. The longer the bond market goes sideways or stagnates, the less pressure there will be on the broader market.
I also have my eye on volatility via the VIX, or fear gauge, because if it breaks down to the 23 level — 20 is considered “average” volatility — it will cancel out the spike we saw when the Consumer Price Index came in at 8.6% for May.
In this morning’s stock market recap video, I’ll go over the two biggest reports this week that could shape the economy… why the bond market gives us major clues on what’s to come next… two sectors starting to pull ahead of Energy and whether this rally will last… what volatility is signaling right now and what it means for stocks… and the top stocks outperforming all others in the S&P 500.
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "2 Major Fed Reports This Week and the Strongest Sector, Stock"
Post a Comment