June 13, 2024

By Nigam Arora & Dr. Natasha Arora

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

Hawkish Dot Plot

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows when the FOMC rate decision and dot plot were released.
• The chart shows a quick dip on the hawkish dot plot.
• The chart shows the dip was aggressively bought.
• The chart shows when Powell’s press conference started.
• Powell is more hawkish than expected.
• In The Arora Report analysis, in theory based on the Fed, the market should have seen a very large drop.