A Note From Roger Scott: Make sure you join me, Joy of the Trade’s Jeff Zananiri and New Money Crew’s Lance Ippolito at 11:30 a.m. EDT each Wednesday for the WealthPress Live Roundtable!
We’re covering what we should expect from Wednesday’s FOMC meeting, if it's time to jump back into tech stocks, the potential winners should tariffs on China be removed and more!
The broader indexes ticked higher after the open as Wall Street looked to build on Tuesday’s afternoon rally — and more in Wednesday’s stock market recap.
Chip stocks are gaining strength, as we can see in the VanEck Semiconductor ETF. When semiconductor and other speculative stocks have bottomed out and are on the way back up, it’s a bullish sign for the broader market.
Another good sign is that the long bond, iShares 20-Plus Year Treasury Bond ETF, continues moving higher. I expect it to hit the $120 level before falling again because we know that long term, interest rates are going higher. But right now, this upward trend in the long bond is giving the stock market some relief.
As I mentioned in Tuesday’s recap, we have the FOMC minutes from the Fed’s June meeting coming out Wednesday afternoon, which should give us an idea of how the Fed is feeling about its interest rate hikes.
In this morning’s stock market recap video, you’ll discover which sectors are lagging and which are ready for big moves… what to expect from the Fed and global economy later Wednesday… if bonds are set to rise or fall and why… if the market is discounting further weakness or getting ready to fall again… plus the best stocks to bet on right now, and the ones to avoid.
During Jeff Zananiri’s time on Wall Street, he discovered that on the third trading day of every month… a select group of stocks start a one-month “sprint.”
Why?
Because big institutional and mutual fund managers reallocate their portfolios at the beginning of every month, flooding the strongest stocks more than others inside their portfolios.
Ever since he learned this, it’s allowed him to crush the S&P 500 on a monthly schedule!
For the sake of typicality, so far this year from Jan. 1, through June 30, the average winner from this strategy has been 123.76%...
And the average return per position has been 29.52% over an average 26-day hold time!
Jeff is about to release July’s trades, and you don’t want to miss it!
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