Trending Assets
Top investors this month
Trending Assets
Top investors this month
The quote to look for in the FOMAC guidance
If this quote, or something like it is in the FOMAC statement today, that will signal a Fed pivot later this year:

"The Committee anticipates that the stance of monetary policy will most likely be sufficiently restrictive to return inflation to 2 percent over time but will closely monitor incoming information and assess the implications for monetary policy.”

For the record, my current bet is that the Fed does not guide for lower rates, and this will weigh on the market tomorrow.

$SPY will be under $409/share on 2023-05-04?
Validated to: Yes
0% AgreedDisagreed 100%
8 Votes

Dividend Dollars's avatar
Dividend Dollars
@dividenddollarsMay 4
Love that I get the reminder that I voted on this! Voted right by the way 😉
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 4Author
@dividenddollars Same! Yeah I love the reminder notification. Super fun 😃
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 4Author
image
The results are in!
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 4Author
$SPY ended up at $404, well under the $409 I predicted. We can mark this prediction as correct. Congrats to everyone who voted 'agree' 😄
Image upload
Dividend Dollars's avatar
Dividend Dollars
@dividenddollarsMay 4
@nathanworden never bet against the CommonStock community
Related
Already have an account?