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Welcome to the channel! In today's video, we're diving deep into the aftermath of the FOMC meeting. Dr. Stock here, your friendly "Doctor of Education" (wink). But let's get right to the point – the FOMC meeting and its impact on the market.
First, we discuss the release of the SEP (Summary of Economic Projections) at 2:00 PM, a pivotal moment. Did it meet our expectations? Jerome Powell's subsequent speech added more complexity, and we break down the details.
Later in the video, we'll talk about the Moomoo app and how to get free stocks, and also explore my Patreon and its options course. But right now, the focus is on the FOMC and their economic projections.
Specifically, we're interested in the federal funds rate for the end of 2023. A rate of 5.6% would apply upward pressure, while below 5.6% would be fantastic for the markets. However, the reality turned out to be 5.1%, causing some downward pressure.
I share charts to illustrate the projections and emphasize how they changed compared to June's predictions, impacting market sentiment.
But here's the kicker: Jerome Powell's comments didn't sit well with many, especially when he mentioned that households were in good shape. We discuss how this statement might be out of touch with the reality faced by many middle-class and lower-income households dealing with inflation and student loans.
Shifting our focus back to the markets, we examine intraday movements, especially in the S&P 500 (SPI) and how Jerome Powell's remarks affected it. The key takeaway is the "higher for longer" approach and its implications.
We delve into technical analysis, discussing potential levels for SPI and the Nasdaq (TCU). Watch out for that crucial 50-day mark.
I also share my experiences with options trading, including positions on Google and Enphase. Google's recent breakdown from a rising wedge caught my attention, and there may be more to come.
Lastly, I talk about my Patreon community, where I share buy and sell strategies and provide educational content. The community has been thriving, and we've been capitalizing on market opportunities.
To sum it up, I'm currently bearish in the short term, anticipating further market softening. We'll need significant catalysts like jobs reports and inflation numbers to see a major market reversal. Keep an eye on those reports, and remember, learning is earning!
Don't forget to hit the like button, subscribe for more content, and check out the Moomoo app for free stocks. I'm Dr. Stock, and I'll catch you in the next video.
First, we discuss the release of the SEP (Summary of Economic Projections) at 2:00 PM, a pivotal moment. Did it meet our expectations? Jerome Powell's subsequent speech added more complexity, and we break down the details.
Later in the video, we'll talk about the Moomoo app and how to get free stocks, and also explore my Patreon and its options course. But right now, the focus is on the FOMC and their economic projections.
Specifically, we're interested in the federal funds rate for the end of 2023. A rate of 5.6% would apply upward pressure, while below 5.6% would be fantastic for the markets. However, the reality turned out to be 5.1%, causing some downward pressure.
I share charts to illustrate the projections and emphasize how they changed compared to June's predictions, impacting market sentiment.
But here's the kicker: Jerome Powell's comments didn't sit well with many, especially when he mentioned that households were in good shape. We discuss how this statement might be out of touch with the reality faced by many middle-class and lower-income households dealing with inflation and student loans.
Shifting our focus back to the markets, we examine intraday movements, especially in the S&P 500 (SPI) and how Jerome Powell's remarks affected it. The key takeaway is the "higher for longer" approach and its implications.
We delve into technical analysis, discussing potential levels for SPI and the Nasdaq (TCU). Watch out for that crucial 50-day mark.
I also share my experiences with options trading, including positions on Google and Enphase. Google's recent breakdown from a rising wedge caught my attention, and there may be more to come.
Lastly, I talk about my Patreon community, where I share buy and sell strategies and provide educational content. The community has been thriving, and we've been capitalizing on market opportunities.
To sum it up, I'm currently bearish in the short term, anticipating further market softening. We'll need significant catalysts like jobs reports and inflation numbers to see a major market reversal. Keep an eye on those reports, and remember, learning is earning!
Don't forget to hit the like button, subscribe for more content, and check out the Moomoo app for free stocks. I'm Dr. Stock, and I'll catch you in the next video.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Doctor of Education, long-term investor, & stock trading enthusiast researching the markets and making decisions.
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