Can SPY Pop into FOMC and sell-off to end September?
FOMC will not be bullish. Rates will pause and the stock market will rise probably to 445.
There will be talk of raising rates potentially in the future, inflation is rising, the fed has a job to do and they will get the inflation down to its 2% target. They will continue until the task is done.
This will set it in on Thursday and the market will sell off after the brief moment of bullishness passes. I think price will bounce around but ultimately retest the August lows and settle around 430.
This is just my intuition kicking in.
There will be talk of raising rates potentially in the future, inflation is rising, the fed has a job to do and they will get the inflation down to its 2% target. They will continue until the task is done.
This will set it in on Thursday and the market will sell off after the brief moment of bullishness passes. I think price will bounce around but ultimately retest the August lows and settle around 430.
This is just my intuition kicking in.