Market Shows BIG Red Flags Heading Into the December Fed Meeting

To view this email as a web page, go [here.]( [Roger Scott Newsletter] November 28, 2022 [Market Shows BIG Red Flags Heading Into the December Fed Meeting]( The major indexes are down Monday morning following unrest in China due to the country’s COVID-19 restrictions — and more in Monday’s stock market recap. The news pulled down Chinese stocks and weighed on U.S. markets. This week brings more earnings and several key data reports… Hewlett Packard Enterprise, Salesforce and Kroger report earnings on Tuesday, Wednesday and Thursday, respectively. Meanwhile, we have the consumer confidence report on Tuesday, and personal income and outlays on Thursday, which will tell us how inflation continues to impact the consumer and spending. We also have gross domestic product on Wednesday. In my opinion, this is always the most important report. It will give us an idea of whether or not the economy is growing at the pace the Federal Reserve expects based on current interest rates. Thursday and Friday bring jobless claims and the employment situation, respectively, two more reports the Fed uses to determine its next move in the ongoing battle against stubbornly high inflation. In this morning’s stock market recap video, I’ll discuss why I'm getting more bearish on the broader market… whether volatility is set to rise or fall… which Fed data we need to focus on right now… which sectors continue to gain strength… what to expect from the GDP report… which index is most overbought… and why market internals are screaming “sell!” [Get the Details Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [What WWII, the Great Recession and the COVID-19 Crash Had In Common]( Trading has been harder than ever for most traders this year… But what if you were able to take advantage of ONE market trend that’s been proven, time and time again? One that’s never failed to unfold, even during the Great Depression, World War II, 1987’s Black Monday and the dot-com crash, to name a few... We’re talking about one trend a very unlikely trader stumbled upon 560 days ago… And once she shared this trend with me, I was SHOCKED! I just couldn’t believe I’d never seen this in the near-three decades of my trading… That’s why he insisted she reveal it to all his readers in a special live presentation. And the best part is, it didn’t cost a thing to attend! If you missed the live event, not to worry… [There's Still Time to Catch the Replay Here]( ________________________________________________________ Why Wednesday Is an Extra-Dangerous Day to Trade November 23, 2022 The major indexes were mixed Wednesday morning as investors awaited the Federal Reserve’s meeting minutes. [Continue Reading]( All Eyes Are on Energy, Consumer Discretionary Amid Retail Surprises November 22, 2022 The major indexes headed higher Tuesday morning as Wall Street looked to shake off Monday’s news concerning new COVID-19 developments out of China. [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. 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