The Market’s Broken, the Fed Did Nothing, and I’m Trading It Anyway

Don Kaufman here.

I'm coming to you fresh off one of the most bizarre Fed days I've ever seen.

You'd think with Jerome Powell at the mic, markets would be moving. But nope. The Fed came, saw, and did… absolutely nothing. And yet, the S&Ps still managed to rally by 26 handles.

But let me tell you—this wasn't your typical rally.

The market felt broken. Liquidity was razor-thin. Volume? Practically nonexistent for a Fed day.

And if you're watching the advanced decline line, well, let's just say there's a lot more going on beneath the surface than meets the eye.

Here's what I'm breaking down in today's video:

Why today's Fed announcement was more like a "wait-and-see" snooze-fest… but with a twist.
The shocking move in Google—down 7%!—and why the market barely blinked.
How Nvidia and Broadcom picked up the slack and carried the chips higher.
Why thin liquidity and heavy volatility backwardation could lead to massive 200-300-point S&P moves on a whim.
What the Fed's "hawkish" undertone really means for rates—and why July might be the first hint of a cut.
The one trading strategy I'm using right now to profit from wild, out-of-the-money market moves.

Look, you don't want to miss this. The market is on edge, and every piece of news—tariffs, earnings, or economic data—has the potential to send it spiraling in either direction.

👉 Click here to watch the full breakdown.

Trust me, this isn't just another Fed day recap. This is about understanding where the trade opportunities are in a market that feels disconnected, skittish, and downright weird.

To your success,

Don Kaufman