Stocks and Precious Metals Charts - Endless Wash and Rinse - FOMC Tomorrow, Options Expiry Friday

By Jesse of Jesse's Cafe Americain

Jun 14, 2022 at 5:32 PM EDT

The markets are oversold and primed for a relief rally into the option expiration.

Stocks continued to drift lower today ahead of the Fed rate announcement tomorrow.

Rumors are that the Fed will move 75 to 100 bps.

I think they will do 50, but I am not ruling out an easy 75 given the pricing in yields already seen.

The markets are oversold and primed for a relief rally into the option expiration.

The Dollar is at multiyear highs at 105.45.

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.

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