We got the latest interest rate decision from the Federal Open Market Committee on Wednesday, and the markets are ripping — particularly the Nasdaq.
The odds for an interest rate cut in March have now grown to about 70%.
I listened to his speech and while he still said the job isn’t done, and here’s the thing… I don’t believe we’ll get a rate cut that soon.
But regardless of what I think, it won’t affect how I trade.
The point being is that we must trade the market in front of us. The Dow is at an all-time high. And the S&P 500 is near its previous all-time high with the potential for a breakout. So we must trade that.
If we’re making new highs, it’s time to go long!
Meanwhile, home builders, COSTCO, and bonds are expected to impact the market, with potential positive outcomes for certain sectors.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing…
I’ll discuss Powell’s speech and the latest from the FOMC… a bond market update… technical price levels on SPY… Fed data on the table… sectors to watch and options that I like right now… global market analysis… and whether stocks will stay choppy or move higher?
P.S. A ‘Profit Date’ Is Almost Here for This ‘On the Clock Stock’
The week is almost done, so I hope everyone’s ready to see Graham’s top On the Clock Stock to trade before the close Friday!
Before Graham and I go live again at 1 p.m. ET today, Dec. 14, he wanted me to let you in on a super important detail…
Most well-known stocks have what he calls “profit dates” when they’re most likely to hit a payout.
And when a profit date hits a particular stock, it doesn’t matter what the news media or institutional analysts are telling everyone…
Or what the White House or that squirrely Jerome Powell at the Fed have to say…
So you could target that stock for extra income… on your own schedule.
Click on that link below and save your seat because once 1 o’clock rolls around, Graham is going to give you his top On the Clock Stock for free, AND he’ll also show you its profit dates — one of which is about to happen!