Has anything changed since the FOMC?
The market still has to contend with options expiration tomorrow and any new items from the US/China negotiations. Most indications say we’re at a stalling point in the broader averages.
The market still has to contend with options expiration tomorrow and any new items from the US/China negotiations. Most indications say we’re at a stalling point in the broader averages.
In this video, we talk about the FED meeting, and the unexpected reaction the market gave us.
With the FOMC being dovish enough to prevent a equities sell-off, where are the bullish and bearish pockets of the market now?
The stock market seemed to get just enough of what it needed to hear. Russell and Dow are still shortable broader averages. I would not play that game of chicken with the NASDAQ and S&P. We need to be choosy. We need to cherry pick, and that means more than ever, we focus on the relative outperformers. By the way, copper and crude were not impressed with the FOMC…
With the most uncertain FOMC decision in many meetings, a 50/50 probability for a rate cut from the FOMC, and a big post-earnings sell-off in FedEx after the close, what does this mean for the broader averages?