The Fed cut rates by another 25 basis points as expected, with one dissenting vote, signaling a slower pace of future cuts. The Fed now projects only two rate cuts for 2024, down from four. Powell noted that the Fed is "close to or at the point" of pausing further cuts and will need additional evidence of inflation progress for further action. This marks the second consecutive 25 bps cut, but Cleve...
Wednesday market was still hesitating and Initially, the major indices traded slightly higher until selling intensified at 2:00 ET before the Fed Chair speech at 2.30 ET, after which, investors express concerns over the Fed pausing its rate-cut campaign, indicating that rates may remain higher for longer. This sentiment followed the FOMC's decision to cut rates by 25 basis points to 4.25-4.50%, as anticipated. The decision...
Okay, so today was an absolutely WILD day after the FOMC meeting. There are many things to discuss...but here's the bottom line: It kind of feels like a mini-August 5th. Let's get into it.... So, why did the market go down across the board after the meeting? First off, the market was upset that the Fed is only going to do 2 cuts instead of 3 cuts in 2025. However, it's not just about the lack of cuts...it's about the lac...
This marks the second consecutive 25 bps cut, but Cleve...
🤏
- Markets see 90% chance that they hold rates at January meeting.
- Fed projects two 25 bps cuts in 2025 and another two 25 bps cuts in 2026, with a median policy rate of 3.125%
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Donald Trump (LIST22962.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$
$Nasdaq Composite Index (.IXIC.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $iShares Core S&P 500 ETF (IVV.US)$
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Grayscale Bitcoin Mini Trust (BTC.US)$ $iShares Bitcoin Trust (IBIT.US)$ $Coinbase (COIN.US)$ $CleanSpark (CLSK.US)$ $MicroStrategy (MSTR.US)$ $U.S. Treasury Bond ETFs (LIST22866.US)$
The FED identified an annual Target of 2% CPI growth
We are not only above that target but also 2000-2009 rates of overheating.
Remember those times?
$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $iShares Core S&P 500 ETF (IVV.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Bank of America (BAC.US)$ $Citigroup (C.US)$
There are many things to discuss...but here's the bottom line:
It kind of feels like a mini-August 5th.
Let's get into it....
So, why did the market go down across the board after the meeting?
First off, the market was upset that the Fed is only going to do 2 cuts instead of 3 cuts in 2025. However, it's not just about the lack of cuts...it's about the lac...
▪️ forecast for future cuts lowered from 4 to 2 spooking markets
▪️ inflation target also raised to 2.5%, Fed believes inflation is sticky. As eliant capital keeps saying 3% is the new 2%.
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
No comment yet