|
|
The Fed is set to have its next Federal Open Market Committee (FOMC) meeting on September 17th and 18th and many have been predicting that this meeting would include the first rate cut in about three years. I personally expect to see a rate cut… But how big of a cut remains the magic question. I think it’s very likely we could see a quarter percent cut, potentially even half of a percent… Although I think that’s a bit more far-fetched. I am expecting a quarter percent cut more than likely, however… A half percent rate cut just seems too drastic for the Fed to do at this point, especially this early — literally at the beginning — of the rate cut cycle. If we do hear bullish talk from Jerome Powell on Friday morning regarding a potential rate cut, I’d expect Friday's market to be quite bullish. So, keep an eye out Friday morning, and if we hear some positive-leaning news from him, get ready for what will likely be a very bullish trading day. — Nate Tucci |
|
|
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. Unsubscribe |
And some perspective on sticking with this bull ...
No comments:
Post a Comment