In this video, we look at today’s FED actions and the market’s reaction – The FED announced today, a 75 BPS rate hike in an effort to try to slow down inflation. This is the largest rate hike in 30 years and will have very negative impact on the economy. Will this move work? Will this cause a recession? How long could it take to recover? The better question is how in the world do we trade this market? We go over several trade ideas and an outlook for Friday.
There are two symbols I’m looking at for their potential of bouncing from key levels. If they do show up there may be a third we can add into the mix for trading opportunities.
Today we heard from the Fed with its rate decision. Next we move to Quarterly Expiration and then a Holiday Weekend. Said differently, 1 down with 2 to go, or… Next!
Take a look at this video and see how Joe played the FED decision and rate hike.
With a 3/4 point rate hike priced in, what are the trends, expectations, and setups as the market awaits a big decision from the FOMC.
Will they or won’t they hike 3/4 of a point? And what will the reaction be? Trading through summer is still going to be subjected to wild swings, and there are ways we can handle it, I explain all that and more in this update.
There is a lot to cover so let’s get started.
Today, the indexes made new lows on the year, the 10-year made new highs, and bitcoin fell almost 20%. But, you know what else made new highs? The put/call ratio is at levels not seen since March of 2020. That means a massive short squeeze is brewing.