U.S. stock futures are mixed this morning as Wall Street continues to search for stability and the bottom of the latest market sell-off — and more in Wednesday's stock market recap.
On the agenda for Wednesday is the first-quarter gross domestic product report, which is extremely important because consumer spending accounts for about two-thirds of the U.S. economy.
GDP came in at -1.6% after estimates of -1.5%.
As most of you already know, the TLT is trading sideways, which means the bond market isn’t assimilating any more significant interest rate hikes into its price.
That means the longer the bond market remains choppy, the better it is for stocks — and the less likely the Federal Reserve will raise long-term rates…
But if the bond market starts to move downward again, and I believe it will and it’s only a matter of time, it’ll put more pressure on stocks. In this morning’s stock market recap video, I’ll go over what we can expect from the GDP report… the most probable reaction the bond market and volatility will have from it… whether stocks are set to go higher or lower… why the major sectors are out of balance right now… an update on the global economy and what to expect over the next few trading sessions… and the top and weakest stocks to start targeting right now.
Summer is here and that means most of us want to travel, enjoy time with our family or hit the pool…
Heck, all of the above!
But you’re probably spending more time worrying about what the Federal Reserve or S&P 500 will do next.
So it’s time to cut it out!
Worrying isn’t going to get you anywhere, especially when there’s a better approach…
Trading legend Tom Busby just shared the details of his Single Stock Game Plan with me, and I was blown away by this hyper-focused trading method!
Tom has slashed the worry and stress from his life, all by focusing on one stock, one trade, one opportunity to profit at a time... Now he spends his free time however he wants!
2 Major Fed Reports This Week and the Strongest Sector, Stock
June 28, 2022
In Tuesday’s stock market recap, U.S. stock futures traded higher this morning as Wall Street attempts to sustain its rebound from the bear-market lows.
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