A Market Of BarbieSwift & Summer Drift
Photo by Austin Distel on Unsplash
The Fed raises 25bp as expected and Jerome Powell says absolutely nothing at the press conference. In fact one of the reporters illustrated how strong the economy is by the Barbie movie sales and Taylor Swift concerts. You can't make this stuff up. As for trading the rest of the week recognize we have not hit the lower or upper edge of the weekly Expected Move. Something that has been happening recently on Friday of each week. It may feel like summer drift, but be careful out there because volatility may be right around the corner...
Video Length: 00:11:09
More By This Author:
Earnings Extravaganza! Your Price Guide To Earnings And The Fed In A Non-Stop Trading Week
Tech Stall Has Market Banking On Energy And Financials
Is Nasdaq Volatility A Wake Up Call?
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
more
Comments
