The Federal Reserve did its best to spook the stock market Wednesday… And the bulls weren’t having it!
The committee stayed the course with its expected 25-basis-point interest rate hike, but raised its inflation forecasts for 2022 higher than Wall Street anticipated.
The Fed also hinted it would be more hawkish with the rate increases than what most had projected.
Within the first 15 minutes of the announcement, the S&P 500 dropped more than 1% while the Nasdaq fell around 1.5%... only for the two to rally 1.8% and 2.6% off the intraday lows, respectively!
Wednesday’s rally just adds some extra buzz to the promising options order flow we’ve seen this week.
I have to say it’s putting some pep back in my step!
The markets saw loads of action on Wednesday before the session started...
Including some big options moves on names the New Money Crew strategies have been watching closely.
Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Turnaround Tuesday: Can Powell & Co. Keep the Bulls Happy?"
Post a Comment