Wednesday’s “Shockwave” event could put trillions on the move (and create dozens of opportunities to profit)
Dear Reader,
One of the major events for money coming in and money leaving the market this year happens when the Federal Reserve Chairman, Jerome Powell, speaks his piece.
It’s obvious why, too.
When we talk interest rates, we talk about fundamental stuff: how companies grow, how they fund their business ventures, and how you and I make payments on credit cards, mortgages, and rent.
These FOMC Minutes have been like “Shockwave” events.
Minutes are what the Fed uses to deliver its rationale and outlook behind a rate decision a few weeks prior. Interest rates rose 75 basis points in mid September, so Wednesday is going to provide the philosophy behind it.
Futures on commodities and markets are going to be impacted, interest rate expectations will fluctuate, credit markets will be impacted, and that’ll all trickle down to moves on the S&P, the Dow, the Russell.
There’s going to be a long chain reaction, there’s going to be a lot of volume, and there’s going to be a lot of volatility.
I love it.
And you should, too.
Because when there’s volatility, profits aren’t far.
That’s why I’m inviting you to trade it with me live at 1:30 p.m. ET on Wednesday. Click here to add it to your calendar.
To prepare, it’s simple.
Watch the video below to see what happened last time the Minutes were released…
Take the past as a guidepost, but this one could be even bigger.
It’s right before earnings season starts (some of the big banks kick it off this Friday), and it’ll likely show the actions the Fed will take into the end of the year.
So, we’ll have a better idea of when volatility could spike – meaning more trades and more profits – by understanding what the Fed’s doing here.
For now, though, we’re focused on Wednesday – when thousands of traders are guessing what’ll happen. So, we’ll take the guesswork out of it with VWAP.
See you then,
Kenny “The Warlock” Glick
PS: This is going to be a great day… I can already feel it. But it’s going to pale in comparison to our holiday season over the next month (earnings). 68% of S&P companies are going to report by the end of October, and it’s time to start getting ready. Click here to see why it matters to you.
Comments
October 10 2022
Leave a Reply