3 years ago

167

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/

Join the Trader University email list:
https://www.trader.university/email-list

In this video, I discuss yesterday's FOMC decision, and its implications for Fed Funds, the Fed's balance sheet roll-off, as well as for risk assets like stocks and Bitcoin.

I believe that political pressure to bring inflation down before the mid-term elections currently supersedes worries about tanking the stock market.

Stocks rallied yesterday as Powell telegraphed that they would be avoiding 75 bps hikes, and that the pace of balance sheet shrinkage would be about half what the market had been pricing in.

Nevertheless, I still think that we are going to see a volatile summer, with stocks and Bitcoin headed much lower before the Fed is forced to reverse course and turn the money printers back on.

Not investment advice! Consult a financial advisor.

Stocks rally on Fed decision:
https://www.bloomberg.com/news/articles/2022-05-03/stocks-set-for-steady-open-as-next-fed-cue-awaited-markets-wrap

Fed Funds probabilities:
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Fed recap:
https://www.cnbc.com/2022/05/04/follow-the-latest-updates-as-the-federal-reserve-gets-set-to-hike-rates.html

US debt clock:
https://www.usdebtclock.org/

FOMC statement:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504a.htm

Powell press conference remarks:
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20220504.pdf

Inflation and political pressure on the Fed:
https://www.brookings.edu/blog/fixgov/2022/02/17/why-inflation-is-president-bidens-biggest-political-problem/

Fed balance sheet:
https://fred.stlouisfed.org/series/WALCL

Michael Burry on bear market rallies:
https://twitter.com/michaeljburry/status/1522003443916943362

Gold's volatile rise in Weimar Republic:
https://www.myrmikan.com/pub/Myrmikan_Research_2019_05_10.pdf

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Fed
#Stocks
#Bitcoin

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

Loading comments...