THE GIST (“THE WHAT”) The highly awaited Fed policy decision proved to be non-event after the Fed raised its benchmark interest rate by 25 basis points, hiking for the 11th time in past 12 policy meetings, pushing the fed funds target range to a 22-year high of 5.25% to 5.50%. The S&P 500 index closed (more…)
Results of Published Model Trades for Wed 07/26 Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. The horizontal lines on the chart show the price levels corresponding to the trading plans as published in the morning. (Please click here to (more…)
S&P 500 INDEX MODEL TRADING PLANS for WED. 07/26 With a quarter-point rate increase almost a given, today’s FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. Only some unexpectedly negative revelations/indications from Chair Powell today could influence the markets – otherwise, the FOMC release and (more…)
THE GIST (“THE WHAT”) Inching higher, the S&P 500 index registered a fifteen and a half month high led by mega-cap tech stocks ahead of big tech earnings. Stronger-than-expected U.S. July consumer confidence further bolstered equities, raising the odds of a soft landing of the economy. Gains, however, were limited ahead of Fed’s policy decision (more…)
