Hey friend,
The markets rose again yesterday (despite 10-year Treasury yields rising again)…
And Fed Chair Powell has just finished (or is about to finish) his post-FOMC press conference.
So let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday in anticipation of the conclusion of the Fed meeting. As a result the Nasdaq’s long-term direction managed to flip back upwards – but it’s still on the brink.
The Daily Nugget
Markets will always need time to digest major catalysts – especially when the catalysts are themselves not fully transparent.
Many market-moving catalysts are very transparent…
Meaning you can immediately grasp what their likely impact on the markets will be.
That’s not the case with the Fed meetings…
Especially because they’re intentionally trying to “walk the line” and be as cryptic as possible in their view of inflation and the economy…
So they can leave themselves as much room to maneuver as possible.
That’s why the market usually takes some time to digest the Fed meeting and the subsequent press conference…
Why markets can seem particularly uncertain after Fed meetings…
And why Ross Givens is going LIVE right now to break down what he’s seeing in the markets…
The opportunities people might be missing…
And the ideal strategies for going after these opportunities.
So click here to join him in the live room now…
And he’ll explain everything inside.
The Traders Agency Team
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