Another FED Day, Another Crazy Market Move.

2023-03-22 / Bruce Marshall

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In this video, we look at today’s wild price action from the FED meeting. The FED decided to raise interest rates another .25 bps which was widely expected. The fireworks started after the meeting with Powell’s commentary and the market did not like the results. I thought we would get more clarity from this meeting, but we are back where we started and back in wait and see mode. We will continue to trade this market as we have, taking only solid set ups, and using tight stops and solid trade management to reduce risk.

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Bruce Marshall

Bruce began his career working for a Wall Street firm on a bond desk after the Crash of ’87. He spent several years trading bonds until he switched to the equity side which developed his love of trading equities and options early on. He traded IPO’s, secondaries, and preferred’s. In the early days, he actually had to hand write “tickets” to buy and sell securities.

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