Stocks and Precious Metals Charts - Dithering Ahead of the Fed - FOMC Tomorrow, NFP on Friday

By Jesse of Jesse's Cafe Americain

May 3, 2022 at 6:33 PM EDT

The dollar backed off a bit but remains firmly on the 103 handle. The VIX continued to pull back.

The markets are pacing in circles, waiting for the Fed announce their benchmark rate decision tomorrow afternoon.

The markets are pricing in a 50 bp rate increase with several more to follow in subsequent FOMC meetings.

The dollar backed off a bit but remains firmly on the 103 handle.

The VIX continued to pull back.

The next three days will tell us quite a bit.

Have a pleasant evening.

(Click on image to enlarge)

Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

Comments

Back to all articles

More from this Author

Stocks And Precious Metals Charts - Stocks Overbought

Stocks And Precious Metals Charts - Stocks Float Higher

Stocks And Precious Metals Charts - The Wheels Are Falling