To The Moon

here's a summary of last night's fomc meeting

Fed Chairman Jerome Powell's press conference suggested that the Fed is on track for a rate cut in June and 3 rate cuts this year.

☀️ Powell's remarks indicate that the Fed wants to cut rates as soon as it is responsible to do so. The Fed is waiting for greater confidence in inflation reaching the 2% target before cutting rates. There is some uncertainty about whether the rate cut will happen in June or July, The Fed signaled a more gradual path of rate cuts overall, starting in June.

☀️The Fed may slow down the pace of balance-sheet runoff as soon as May. this is the equivalent to a rate cut off 25 to 50 bps depending the size of tapering.

$SPDR S&P 500 ETF Trust(SPY)$  jumped upon this announcement. looks like buying the pivot rumor is going to continue as the Fed fuels the rally with anticipation of an earlier than expected rate cut. ai rally rages on upon Fed pivot hopes. spy likely to hit 550 in a few weeks time not taking into consideration black swan events.

$US2Y(US2Y.BOND)$ retraces as Fed pivot hopes are up. this is important to track as it is sensitive to Fed rate expectations. 

$FTSE 100(.UKX.UK)$ is traditionally the leading indicator of spy. it has made a small breakout but has remained in range after that. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars for showering us with goodies

merci beaucoup@TigerWire for hot topics

merci beaucoup@koolgal for tagging🪙🪙🪙

merci beaucoup@Asphen for sharing analysis