By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Dot Plot Please click here for the Fed’s prior dot plot. Note the following: The FOMC meeting is starting today.  Tomorrow, the Fed will announce its decision at 2pm ET followed by Powell’s press conference at 2:30pm ET. The dot plot shows each FOMC participants’ projected mid point of the target for the federal funds rate.  Each dot represents an FOMC participant. The chart shows that no FOMC participants projected a federal funds rate of less than 5.125% in 2023. The chart shows that one

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Hotter Core Inflation 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 that the stock market is in between the top support zone and mini resistance zone. The chart shows that RSI is approaching oversold. The chart shows that, overall, the stock market is directionless. The newly released data shows that core inflation is running hotter than expected.  Here are the details of the consumer price index.

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. iPhone 15 Launch Please click here for a chart of Apple stock (AAPL). Note the following: The Morning Capsule is about the big picture, not an individual stock.  The chart of Apple stock is being used to illustrate the point. The chart shows the drop in Apple stock on the news of China banning government workers from using iPhones. The chart shows Apple stock is at the top of the support zone. RSI on the chart shows Apple stock is neither overbought nor oversold going