To gain an edge, this is what you need to know now.

Fed Decision Key Points

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

  • The Fed is hiking interest rates by 75 basis points.
  • The chart shows that the momo crowd was aggressively buying stocks going into the Fed decision.
  • The chart shows when the Fed decision was announced.
  • The chart shows when Powell’s press conference began.
  • The chart shows buying becoming extremely aggressive as Powell started speaking.
  • In the Morning Capsule we wrote,

The key question is what will Powell say about the forward guidance.