Powell Lost The Magic

The stock market reacted to Jerome Powell & The FOMC today and many records were broken. Despite the S&P & NASDAQ making the biggest move following a rate hike in 44 years, there were still many questions unanswered. I explain what Jerome Powell went over today and then my analysis and predictions on where I see it going from here. All in all the next 2 days will be key to see if we have another false rally. We will be seeing Powell in another 4 weeks so there will be some wiggle room, but overall now, the market has something to work with. Powell raised the rates by 50bps, announced the balance sheet runoff, and new mentions about the chinese economy brought up some questions. I go over all of this, then my portfolio and the trades for the day. I took profits on some earnings plays and then made a play both way on TBT stock as an alternative to TLT stock. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!

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