Pssst. Apparently the stock market "insiders" must've got wind of what the Fed's going to do tomorrow. It appears they're going to stand pat on interest rates, and they're apparently not concerned with inflation or Covid much, at least not at this point. I do not know this directly, but watching what investors were doing today gave a potential direction. If they were going to announce something big, you'd have seen a larger swing today in one direction or another. The trend appears to be a no-news is good news line.
It's purely speculation, but some of these heavy duty Wall Street pros usually tip their hand at the end of the previous day and the trend was up overall from the mid-day volatility. I think the Fed direction has been figured out. Remember, us little guys get the crumbs. It's the guys who rule Wall Street have the system rigged. Some of the big companies will be releasing earnings this week as well. Follow the big dogs' lead though and you can make a few bucks. Just probably not as much as them.
If I'm right, the markets will be up on the opening bell, then the Fed basically won't do crap tomorrow, and offer up some lame-brained excuse about inflation and Covid or whatever not being much of a factor going forward at least for the moment. Of course, if the Fed surprises everyone, that usually doesn't bode well with Wall Street and you'll see an abrupt pullback.
Inflation will be on people's mind for a while so we'll see if it's "transitory" or here to stay for a while.
It's purely speculation, but some of these heavy duty Wall Street pros usually tip their hand at the end of the previous day and the trend was up overall from the mid-day volatility. I think the Fed direction has been figured out. Remember, us little guys get the crumbs. It's the guys who rule Wall Street have the system rigged. Some of the big companies will be releasing earnings this week as well. Follow the big dogs' lead though and you can make a few bucks. Just probably not as much as them.
If I'm right, the markets will be up on the opening bell, then the Fed basically won't do crap tomorrow, and offer up some lame-brained excuse about inflation and Covid or whatever not being much of a factor going forward at least for the moment. Of course, if the Fed surprises everyone, that usually doesn't bode well with Wall Street and you'll see an abrupt pullback.
Inflation will be on people's mind for a while so we'll see if it's "transitory" or here to stay for a while.