Tackle Today: Fed Announcement Looms
November 2, 2022
The second-to-last Fed meeting of the year is upon us, and a lot is riding on this one. Here’s what you need to know.
- The market is banking on a 75 basis rate hike that will take the top end of the Fed Funds rate range to 4%.
- This will be the fourth straight 75 bps hike. The market hopes it’s the last mega-hike and that future hikes will be smaller.
- To that end, the highest odds bet is a 50 bps hike in the Dec 14th meeting.
Markets are entering the meeting on a high note. Positive responses during earnings season and the best October for the Dow Jones Industrial Average in a generation have equities trending higher on the daily time frame.
- Will Jerome Powell point toward a slowdown in rate hikes?
- Or will he steal the punch bowl, kill the lights, and call the cops?
You only have to wait another few hours for the answer.
Video Of The Day: Queen’s Court: Covered Call on Ford Stock ($F)
On today’s Queen’s Court, coaches Emily and Matt analyze a Covered Call on Ford Stock $F.
Chart of the Day: December Fed Meeting Odds
Market odds into the meeting are 51.7% for 50 basis point rate hike next month. Watch for how this changes following the Fed statement.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show Replay
If you missed last night’s episode where Coach Tyler Craig discussed Trading the Fed Meeting or would like to watch it again, check it out here.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Trade Masters 7:00 PM EST
Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.
Hard 14 MasterMind Group 8:30 PM EST
Owners of our premium system Hard 14 are invited to attend. System architect, Mark Justice, will be showing how to apply the principles taught in the course.
Trading Justice 500: Dot-Com Bubble Part 1
Today, Mark and Matt celebrate episode 500 with a trip back to the year 2000 and the start of the Dot-com Bubble bursting. High oil prices, inflation, a hawkish Fed, and high valuations. Sound familiar?
Listen to this episode in the player below.
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