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Stocks Pause As Fed Nears | Tom Bowley (05.02)

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Trading Places with Tom Bowley • 29m

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  • Stocks Pause As Fed Nears | Tom Bowle...

    Tom discusses the Monday action, which was fairly dull. There was an attempt at a short-term breakout on the S&P 500, but it failed. Tom looked at sector relative strength from the early-February S&P 500 high vs. yesterday's close, pointing out that aggressive sectors still look strong. He sho...

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    Tom discussed the Wednesday market action, which was both good and bad. Key earnings reports led the market higher in the morning, but afternoon selling ruined the bulls' day. Given Meta Platforms (META) strong report after the bell, we'll see another early rally, but does it hold? Tom says to ch...

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    Tom discusses Tuesday's market action, noting yet another afternoon comeback by the bulls. He points out the importance of strong AD lines, before later discussing the key industry groups that have been leading U.S. stocks higher in 2023.