The Fed held rates steady– and all but confirmed a September rate cut.
Let’s look at how markets reacted.
Chart of the Day
This chart shows how the S&P 500 has moved on “Fed days” since March 2022.
As you can see, yesterday’s market movement was pretty much par for the course.
The biggest effect was in the tech-heavy Nasdaq, which jumped by nearly 3% – as expected.
But even though the Fed’s message seems “clear”, there’s one critical thing most traders are forgetting right now.
I explain in the Insight of the Day below.
Insight of the Day
The volatility created by the Fed is not over yet.
Yes, the market rose after the Fed’s comments on the likelihood of a September rate cut.
But a couple hours of action is just not enough for the market to fully digest all the implications.
Don’t be surprised if we see some whipsawing in the market over the next few days – even if others are shocked.
The Fed “volatility window” is still open…
And despite the seeming recovery in the big tech stocks, the small-cap rotation is still very much in play.
These are both things we can and should take advantage of while it’s still there.
That’s why tomorrow morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will allow you to target the emerging market leaders while simultaneously exploiting the Fed-induced volatility.
The institutional buyers are quietly piling into – and creating – these new market leaders…
And my “buying pressure” indicator will show you the exact stocks they’re positioning themselves in.
One stock this indicator uncovered in late-May took off by 135% just a couple months later…
But with the current volatility, the ongoing rotation, AND the September rate cut – gains like that could just be the start.
So please click here to secure your seat for my live masterclass tomorrow…
And get ready to discover:
- How to detect when institutional buying pressure is building up in a specific stock…
- Why most traders are functionally blind to this buildup of pressure (and miss out on big gains)...
- And how to use my “PSI Gauge” to determine the exact point to jump into one of these “pressurized” stocks for maximum gains.
Don’t wait for the “Fed volatility window” to close.
See you at 11 a.m. ET tomorrow.
The login details will be in your inbox before the masterclass starts tomorrow morning.
Ross Givens
Editor, Stock Surge Daily
