My Top Sector and Stock as the Fed Prepares to Hike Rates Again

To view this email as a web page, go [here.]( [Roger Scott Newsletter] November 01, 2022 [My Top Sector and Stock as the Fed Prepares to Hike Rates Again]( Earnings are in full swing, elections are around the corner, the Federal Reserve is about to make its next announcement… and I’m about to sit down with Joy of the Trade’s Jeff Zananiri to discuss what it means for us traders at 10 a.m. EDT today, Nov. 1. Which means we’re just about to get started — [go here to join!]( In today’s session, we’ll discuss which earnings reports we’ve got our eye on, what a potential red wave this election season could mean for the stock market, which indexes I expect to rise and fall, what to expect from the Fed’s big announcement, plus a major update on the global economy and how it could impact your portfolio! Use this link to join us today and every Tuesday at 10 a.m. EDT: [( Stock Market Recap, Nov. 1, 2022 The major indexes are up as the market tries to build on October’s gains ahead of the next Federal Reserve meeting — and more in Tuesday’s stock market recap. As I said in Monday’s recap, the Fed is likely to raise rates by another 0.75% in its fight against stubbornly high inflation, a move that’s baked into the market at this point. We’re also still in the thick of earnings season. Pharmaceutical companies Pfizer and Eli Lilly both beat on earnings and revenue estimates before the open Tuesday morning. Fortinet, Moderna, Hershey and others are set to report on Wednesday, Thursday and Friday, respectively. Fortinet reports after the close while Moderna and Hershey report before the open. In this morning’s stock market recap video, I’ll discuss which earnings reports are set to disappoint… if tech is still the big red flag in the stock market… whether the Dow is overbought and why… the most likely scenario for stocks over next few sessions… which sector remains in the lead and why I'm cautious about Energy… if volatility is rising or falling… an update on the major events happening in the markets that may cause pressure… plus the strongest stock in the strongest sector, and weakest stock in the weakest sector. [Get the Stocks Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [This Could Cause a Massive Swing in the Stock Market]( If there’s ever a live briefing you have to see, it’s this one… Joy of the Trade’s Jeff Zananiri is going live at 1 p.m. EDT on Tuesday, Nov. 1, to talk about what could be the biggest market shift of the year — the November midterm elections. The result could be a massive $54-trillion market tidal wave. And you DO NOT want to be left behind. [Sign Up to Watch Jeff’s Live Event]( ________________________________________________________ Extreme Divergence in These Sectors, Indexes as the Fed Preps to Meet October 31, 2022 The market was down Monday morning as the Dow looked to lock in its best month since 1976, with the Nasdaq and S&P 500 also poised to end October in the green. [Continue Reading]( My Top Quantum Indicator Stocks as Bears and Bulls Wrestle for Control October 28, 2022 The major indexes were mixed Friday morning as the market digests earnings from tech giants Amazon and Apple. [Continue Reading]( [Roger Scott] A WealthPress Publication 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. 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