Spring has Sprung ! on the last day of winter, thoughts on this weeks Fed meeting:

By John Thorpe, Senior Broker

This week, the biggest takeaways that will impact equity direction and prices will be in the form of FOMC Rates.. The post release discussion will be the more meaningful trading part of the day. The expectation of a zero rate change is nearly 100 % based on the CME FedWatch tool The market has discounted this result. a surprise would literally Shock the market. This FED’s ongoing call for transparency truly would set a rate change now on an equity destruction path is they were to raise rates given the relatively inflationary data releases since the last FOMC meeting. if you would like to geek out like i do on research, here is an interesting discussion The Fed – Macroeconomic news and stock prices over the FOMC cycle (federalreserve.gov) from the FRB , I bit dated but still relative to the current environment as it relaters to Data and how the Fed rates individual data releases in importance and the relative impact these data sets may have on Equity prices 100 being the most important.

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Daily Levels for March 19th, 2024

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.