FED Day Fun

2022-07-27 / Bruce Marshall

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In this video, we look at today’s big rip higher after the FED raises rates again another .75% We got over 100 point move higher in the SPX and a whopping 467 in the NQ. Is this the start of a new Bull market? I don’t think so and I don’t trust the move, but we won’t until we get more data points. Another big one comes out tomorrow with GDP where we will look at whether we are in a recession. Lastly, we still have a lot of earnings to go so expect more volatility.

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Bruce Marshall

Bruce began his career working for a Wall Street firm on a bond desk after the Crash of ’87. He spent several years trading bonds until he switched to the equity side which developed his love of trading equities and options early on. He traded IPO’s, secondaries, and preferred’s. In the early days, he actually had to hand write “tickets” to buy and sell securities.

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