FOMC Announcement Wreaks Havoc on Markets

2023-04-12 / Bruce Marshall

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In today’s video, we delve into the day’s happenings and the tumultuous journey experienced by the market. The day featured CPI, FED commentary, and FOMC, and after everything settled, the ES witnessed a loss of around 64 points. Contrary to my expectations, as I’ve been optimistic and anticipating ES to reach 4200, the market seems to be losing steam. Although we’ve come close, the goal is still within reach. As we look ahead, we have PPI slated for tomorrow, retail sales and bank earnings commencing on Friday, which means anything is possible. Finally, we examine the major events to keep an eye on over the next few weeks and discuss potential outcomes.

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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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