It’s going to be an interesting day in the market…
We have the latest Federal Open Market Committee interest rate decision coming at 2 p.m. ET, followed by comments from Fed Chair Jerome Powell at 2:30 p.m.
We also just got the Producer Price Index inflation report, which showed that annual price increases producers have seen fell to 1.1% year over year. Prices fell 0.3% month over month versus estimates of 0.1%.
The biggest factor that will affect the market in the near term is what kind of language Powell uses in his comments…
Will he mention a pause in interest rates or say that things aren’t getting better… or will he mention cuts?
I don’t see any way we’ll get rate cuts any time soon.
I’ll cover all that in today’s “Premarket Must-Watch” video, as well as whether tech is ready to break higher or cool off this week… what will happen to the bond market in the near term… what to expect from the PPI report… and how to tackle current momentum levels and volatility!
P.S. The Next BIG Capital Injection Could Come Any Minute
Chuck Hughes and I are about to go head to head with Wall Street…
Exposing one of its best-kept secrets, one that’s been hidden for years.
According to his latest backtest, it’s already shown the power to pay out 28%, 41% and even 83%…
Not in a year, not in a month, not even a week — I’m talking overnight!
That’s because billions of dollars are flooding in and out of stocks every single day.
And when just a fraction of that money hits one stock, BOOM!
