The Conference Board Consumer Confidence Index® decreased in June, following a decline in May. The Index fell to 98.7 (1985=100)—down 4.5 points from 103.2 in May—and now stands at its lowest level since February 2021. U.S. stock indexes book biggest daily drop in over a week despite strong economic data.
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#cci #FOMC #STOCKMARKETCRASH
Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
What to expect from the upcoming Fed meeting. Of course, the Fed decision on Wednesday, that's at 2:00 PM, which is going to be dominating conversations all week. We're also going to be keeping our eyes on retail sales. That's also coming out Wednesday morning. Let's bring in our own Alexandra Semenova for everything we need to know.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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So why is the stock market dropping right now? What's going on team, it's ricky with tech, but solutions here with a quick little market update, i'm gon na start sharing my screen and explain to you exactly what report was released today for those that are unaware? We actually live streamed. This within my learn plan profit live trading session. We went live for about an hour today and it's because we were made aware of this consumer index report that is released on the last tuesday of every single month. This one was released.

30 minutes after the market opens and if you were asking the question you know this is sqq sqq rises when the nasdaq market drops and we can see that right at 10 there was a positive catalyst for s kikiq and yes, it was this report. Market sentiment was already kind of somewhat choppy, as we talked about in yesterday's video. The nasdaq market was at a critical resistance level. Not only does jerome powell speak tomorrow, but this report was released today and one of the main things that you need to understand about this report is first off the index fell to 98.7.

This is down 4.5 points from the last month. Again, this report is released. Every single month, what does this report tell us? Why is this useful? So the consumer confidence report is pretty much just asking if i'm not mistaken, 5 000 u.s households, how confident they are in our economy, how confident they are in spending money? How confident they are on our overall economy and they take that data and then make this report again. This report is released every single month, so when consumer confidence is high, the way that we interpret, that is, that consumers are willing to spend more money than to save it.

When consumer confidence is low, as we saw drop, then consumers are less likely to spend money and therefore tend to save it. What happens when consumers spend less money? Well, consumer spending makes up a big portion of our gdp when gdp is down. Then again, this is what can transition us into somewhat of a recession. This is where the fear is instilled, and this is what the federal reserve and jerome powell has been speaking on by raising interest rate, making it less attractive for people to spend money and therefore possibly putting us into a short-term recession.

So i just wanted to make sure that you know i feel like people make it super complicated to understand what these reports are. It's literally exactly what it says. It's consumer confidence. If consumer confidence is high, then again they tend to spend more on average.

If consumer confidence is low as it dropped right and rightfully sell right, interest rates are rising. It makes sense on why we're seeing a drop well as consumer confidence is low. Then again, that is why the market is reacting in the way that it is uh s. Kikiq is up 5.3 on the day, going to tqvq the exact opposite 5.2.

I made a video yesterday and i talked about this resistance level at this ema line. This resistance level has been present ever since the beginning of the year. People continue and continue to ignore that same critical level and that same resistance level. You can either choose to ignore it or, as you can see, it's been validated literally almost every single time, except once for the month of march for the entire year of 2022..
I'm all about being aggressive with taking advantage of opportunities, but don't be naive. Right market direction is not in our favor when it comes down to you know the nasdaq when it comes down to the s p 500. As of right now, it is in my best interest at least to be selective. I don't know about you and how aggressive you want to approach the market, but jerome powell is going to be speaking tomorrow.

I am going to be live streaming. That, and again all i literally ask you to do - is get this video to over 1 000 likes and we can live stream that and see how the market ends up reacting and again that live stream is going to be 30 minutes before the market opens. So all you literally have to do is subscribe to the channel drop a thumbs up on this video and show up 30 minutes before the market opens. I do agree, it is an early live stream.

You either show up, and you take part of it and you're aware of what and how the market reacts or you just wake up at market open and either see it in the green or in the red based off of what is said. So i'm excited to follow up. I just wanted to provide you guys with a quick little overall market update on what is causing the market as of right now to pull on back and for you to have a little bit of a better understanding on that consumer index report. I really do appreciate you guys time.

I hope that i earned your thumbs up and again friendly reminder. I do live stream every single day exclusively to my learn, plan profit group, and if you want to be able to watch me, trade live every single day at market open. I encourage you. Take one minute: click that second link down below learn a little bit more about our learn, plan profit group and see if it's a good fit for.

You appreciate your time hope that energy thumbs up i'll, see you tomorrow for our live session and, like always, let's make sure that we end the year on our green now. Take it easy.

By Stock Chat

where the coffee is hot and so is the chat

24 thoughts on “Why is the stock market dropping today?”
  1. Avataaar/Circle Created with python_avatars RNFL408 says:

    Oil.

  2. Avataaar/Circle Created with python_avatars Alina Bobson says:

    Investment has since the beginning of the world been the lodge for physical wealth and trading is the most liquid way to achieve proper investment plans when real estate is not in play. I’ve invested all my life so has my husband. When you trade with an expert like John darry you’re sure guaranteed of earning good profits so my Advice is do it and see good results quick.

  3. Avataaar/Circle Created with python_avatars Aguilar Kristine says:

    An ex-colleague convinced me into stock trading and investments as profitable alternative sources of income. Unfortunately, I have been down ever since. Next time, I will spend my money on myself first before considering whether I will invest or not.

  4. Avataaar/Circle Created with python_avatars Kay Bro says:

    It seems like your focus is on the EMA line, do you look at other indicators / candlestick patterns?

  5. Avataaar/Circle Created with python_avatars Freddie Nation says:

    Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals

  6. Avataaar/Circle Created with python_avatars Nick Stephen says:

    I’m in SQQQ lol

  7. Avataaar/Circle Created with python_avatars joesph cu says:

    I shorted the hell out of the bottom…or what is the bottom so far. Still, oof. I'm still value buying long positions as well though. It's probably been the best time in the past 4 years to buy stock, in my opinion. I hope the stock market absolutely craters, even if my shorts get blown first. I plan on shorting the crash and buying long DCA all the way down, too. I want to see a 60% stock market crash. We're only around 20% now.

  8. Avataaar/Circle Created with python_avatars Erik Long says:

    The financial market has been a tough one so far nevertheless over the past decades we have seen great minds such as Warren buffet spank and squeeze every penny the market has to offer regardless of the market conditions, his success is a result of his vast knowledge and experience in the financial market. I would recommend that everyone due to the volatile market seek the opinion of a professional to help manage their investments, taking this decision 15th of March 2022 has been my best so far, it has been just 3 months and my portfolio increased by over $230,000 in profits thanks to my advisor Anna Hamilton I am able to scale through the crazy stock downtrend and saved my finances.

  9. Avataaar/Circle Created with python_avatars Gaming Clips says:

    One word – corruption

    Buy in & stay patient

  10. Avataaar/Circle Created with python_avatars EdVentures says:

    These Green Day’s are short lived.. makes sense since we’re in a bear market. Tomorrow should be interesting. If nothing good is says then back down we go. See you at market open!

  11. Avataaar/Circle Created with python_avatars Will DaBoxer says:

    Yesterday I made 3K with EVFM and today I made abt $630.00. Im a member of the Learn Plan Profit group howerer I can’t attend ur live session Cuz I work from 7AM until
    Sqqq and Tqqq are inverse of each other wen one is up the other one is dwon. Sqqq rises wen the Nasdaq markets drops. Thus Tqqq will drop. Wat other factors influence these two stocks directly.

  12. Avataaar/Circle Created with python_avatars Tacklebox says:

    These investment are only bound to make slow profit returns in the current market, I've come across a few blogs mentioning investors that generated profit of up to $450,000 in 3months and I'm eager to know what/how I can make such lucrative profit

  13. Avataaar/Circle Created with python_avatars Khalid Ramji says:

    Boom! 1k

  14. Avataaar/Circle Created with python_avatars Shoeshine 9 says:

    Trying to grab that liquidity to exit their positions

  15. Avataaar/Circle Created with python_avatars Gunavansha K D says:

    Ricky
    If what you are saying is what sold off the market today, then it is entirely contrary to the hawkish actions and speeches of Powell on which the market took up during last Thursday and Friday

    Market wanted serious Fed actions of curtailing inflation

    Now that the consumer confidence report shows what Fed wanted to achieve which is a destruction of demand (consumers are unwilling to spend)

    So why should the market sell. In fact, it should feel good – should feel the same good feeling the market had when Fed raised 75 basis points ! Should feel the same good confident feeling when Powell said last week that the recession may even be possible!

  16. Avataaar/Circle Created with python_avatars liqsc 01 says:

    929 likes with mine 👆✌️

  17. Avataaar/Circle Created with python_avatars Shoeshine 9 says:

    Will options get iv crushed tomorrow?

  18. Avataaar/Circle Created with python_avatars Jou Yan says:

    Stocks haven't been moving very well lately because of the rate hike, so maybe now is an appropriate time to get into cryptocurrencies

  19. Avataaar/Circle Created with python_avatars Contact David John @ openmartfx via te le gram says:

    <🏄🏾‍♂️ have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 7.6 BTC in just three weeks, with the trading strategy given to me by expert trader David John. Give it try and thank me later then….kkkkkkkk

  20. Avataaar/Circle Created with python_avatars Richard Donald says:

    When it comes to investing, diversification is the key, that's why I engage in sectors based on projected growth. There's no shortcut to getting rich but there are smart ways to go about it

  21. Avataaar/Circle Created with python_avatars A G says:

    Why feds talk so much? what do they have to say every 2 weeks?

  22. Avataaar/Circle Created with python_avatars Live N The Moment says:

    I wish I saw this earlier. Damn. You're always on point.
    Much appreciated 👍👍👍👍

  23. Avataaar/Circle Created with python_avatars Faiz Ul Rasool says:

    Sure brother I'm beginner and also want learn best tool of stock market
    I watch your video on daily base
    Big sporter from UAE

  24. Avataaar/Circle Created with python_avatars Sri Balaji says:

    I'm from India

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