| | | | How Today’s Fed Meeting Could Shake Up Stocks, Crypto, and Beyond
At 2 p.m. ET, the FOMC rate change announcement hits the market — also more on that below!
Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.
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How Today’s Fed Meeting Could Shake Up Stocks, Crypto, and Beyond
Today’s 2 p.m. ET FOMC meeting isn’t just any announcement — it’s a potential game-changer. Markets are riding high right now, with the S&P 500, Nasdaq and Russell 2000 pushing toward new levels. But a single misstep from the Fed could reverse the entire trend in an instant.
Here’s the deal: Right now, we’re seeing a lot of exuberance, with major indices breaking into uncharted territory. It’s a blow-off top scenario — when everything rallies so hard that it feels almost irrational. Yesterday’s moves across sectors weren’t subtle — financials, tech, crypto, and even small caps had their moments.
Tesla (TSLA) shot up from $250 to $280 in a blink, setting up for a potential run to $300 or even $350. Bitcoin’s back on the rise, nudging toward $79,000. The sentiment is high, and traders are riding the momentum.
But that’s where caution kicks in...
Let’s be clear: When the Fed speaks, the market listens. And if it signals anything remotely hawkish, these lofty levels could become targets for a sharp pullback. This isn't just a typical risk-off event either — it’s one that could happen at the flip of a switch, sending those new highs tumbling.
Now, while it might seem logical for financials like BlackRock (BLK) or Goldman Sachs (GS) to benefit from potential Fed tightening, it’s not that straightforward. For one, this meeting is less about policy shifts and more about how the Fed reads the current economy.
The market has already priced in optimism — expectations are that rates will come down. But with inflation data coming in mixed, any unexpected hint of a rate hike could leave traders scrambling for cover.
The machines — algorithms that respond to every word in that statement — will be the real drivers in the minutes after the announcement. These systems can amplify a move with such speed that manual traders barely have time to react.
For those on the bullish side, like those riding Apple (AAPL) or Square (SQ) rallies, it’s a reminder that we’re at the mercy of forces beyond our control. A positive signal might push the S&P 500 toward the 6,000 level — we’re almost there this morning — which is staggering …
But only if the Fed plays nice.
And here’s a tip if you’re not ready to close out positions: Consider setting stops on anything that’s rallied hard in the last few days. With the FOMC, there’s no guarantee of continuation, and any exuberant bets from this morning might not survive the afternoon session.
The big takeaway? Stay cautious and keep those stop losses tight.
This could be a wild ride, and the account you save might be your own. If you’re looking to get into anything fresh today, I’d say wait until after the dust settles.
Today’s Daily Chart Setup: Workday (WDAY)
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