How does this FOMC meeting differ from all the others this year? It’s the one that Powell & co. finally deliver a rate cut. Expectations abound as crude oil, copper, and a whole host of lagging sectors this month rallied today in front of the decision.
When trading, it’s important to focus on relative strength to the upside when the market is strong, and relative weakness to the downside when the market is falling apart. Here is a bullish setup that Danielle may jump on depending on the market’s reaction to the Fed decision later on this week.
