The Federal Open Market Committee (FOMC) announcement was yesterday, Wednesday, July 26th. The Fed raised interest rates by another 25 basis points (BPS). This was expected, and the market seems just fine with it. What Federal Reserve Chairman Jerome Powell said in the Q&A was also apparently satisfying to the market. I keep looking for a pullback since the market seems overly bullish, but nothing shows up. So until it says otherwise, I am staying heavy on the long side…
Your Profit Pilot,
TG Watkins