To gain an edge, this is what you need to know now.
Taper
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- All investors should pay attention to the Fed because the Fed’s policies have a major impact on the stock market.
- The chart shows when the Fed statement was announced.
- The chart shows heavy momo buying after the Fed statement.
- The Fed will taper its buying of securities. The taper will be $15 billion per month. This is exactly the same as the consensus.
- The Fed is still in la-la land.