12 June 2019

How to Trade the Next Fed Day

Traders are digesting the CPI reading for May

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Opening View


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Dow Futures Point to Second Straight Down Day

By Josh Selway

Share On

Futures on the Dow Jones Industrial Average (DJI) are trading below fair value today after the index snapped its win streak on Tuesday. Investors this morning are monitoring the tame consumer price index (CPI) for May, which again pointed to soft underlying inflation -- likely increasing chatter about a potential interest rate cut from the Fed. With little else to consider aside from lingering trade uncertainty, the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are pacing for lower opens, as well.

Continue reading for more on today's market, including: 

  • Schaeffer's Senior Quantitative Analyst Rocky White has data to help you trade the next Fed meeting.
  • The energy stock bulls should consider.
  • Speculators gear up for Lululemon earnings.
  • Plus, today's big pre-market loser; Chipotle stays hot; and online retailer gets a bull note. 
>> Continue reading...

>> Best and Worst Days to Buy Stocks During Fed Week
The Fed is not expected to raise rates at next week's meeting
>> Dow Snaps Win Streak as Tech Stocks Pivot Lower
Larry Kudlow still predicts 3% U.S economic growth through 2019
>> 2 Retail Stocks Popping on Earnings Beats
CHS and CASY just reported quarterly earnings and revenue that beat analysts' estimates
>> This Retail Stock Could Be Volatile on Thursday
The shares have a history of making big post-earnings moves
>> Breaking Down Lululemon's Impressive Earnings History
LULU gapped higher by 14% in the wake of March's earnings report

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