U.S. stock futures traded higher this morning as Wall Street looks to continue its momentum following last week’s major rebound — and more in Monday's stock market recap.
The biggest report to watch out for this week is Wednesday’s gross domestic product data. The GDP is crucial because consumer spending makes up about two-thirds of the U.S. economy, which will clue us in on whether things are heating back up or cooling off.
It shouldn’t come as any surprise that I still have my eye on the bond market…
The longer the TLT stays within the choppy range it’s in right now without breaking sharply lower, the more confident the bond market will be that interest rates aren’t going to go much higher in the near term.
It’s no coincidence that the broader market gets its directional bias from the bond market, which is assimilating everything that’s known into its price.
In this morning’s stock market recap video, I’ll show you the most probable move for stocks in the near term… why the market rallied so hard last week… which direction the bond market should move… the biggest Federal Reserve report this week… the sector traders need to pay the most attention to right now… whether there’s a major rotation happening in stocks or not… and some important price and resistance levels to look out for this week.
What if I said there are a handful of stocks that have pushed higher, all while the broader market has been a complete disaster?
Would you believe me?
I know it sounds crazy… But because of a brand-new breakthrough, we’ve been able to dominate the markets.
So while everyone's blood pressure is running high trying to guess the future of the economy or even the price of a tank of gas, we’ve been taking advantage of the Single Stock Game Plan…
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