Tackle Today: It’s Fed Day!
December 14, 2022
«More Volatility Inbound.»
The final Fed meeting of the year has arrived. A warning of increased volatility is usually warranted but not this time because volatility is already here! It doesn’t get much crazier than Tuesday’s monster-up gap and whack, so if you handled that okay, you’re probably fine heading into today’s event.
Inflation pressures have eased, so there’s little reason to expect the Fed not to reduce the pace of their rate hikes. Indeed, the odds heavily favor only a 50 basis point hike. Looking out to the next meeting in February shows the market now pricing in a 56% chance of a 25 basis point hike. It will be interesting to see how this changes after Jerome Powell’s press conference.
With the S&P 500 in an uptrend and above all major moving averages heading into the event, the easiest outcome to play is bullish. Thus, that’s the one I’m positioned for.
Video Of The Day: Queen’s Court – Would You Rather $GILD or $JNJ
On today’s Queen’s Court, coaches Emily, Matt and Coach Holmes play a game of Would You Rather on $GILD and $JNJ
Chart of the Day: Market Expectations for February Fed Meeting
Watch to see how today’s Fed announcement changes expectations for February’s meeting.
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 Coaches Tyler Craig and Greg Holmes discussed Cheap Naked Puts 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.
Trading Justice 506: Choosing Quality Stocks for 2023
In this episode of the Trading Justice podcast, Mark and Matt are joined by Coach Greg Holmes to talk about choosing fundamentally quality stocks for 2023.
Listen to this episode in the player below.
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