More New Highs Or Head Fake?

2023-06-14 / Bruce Marshall

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In this video, we discuss today’s FED meeting and outcome. The Fed held tight on more rate hikes for this meeting, and this was expected, but what lies ahead? Powell says there is a possibility of 2 more rate hikes to come this year if inflation doesn’t come down. We discuss the levels to watch and the crazy rally that has led us much higher in the last several weeks. We are very extended, but can we continue higher?

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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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