🔥 FOMC meeting... Should I be careful? Should I trade?

20 set 2023

📢 Insight on FOMC meeting:

No need to trade during this meeting. Protect your capital.

1. Keeping it short this time. Stands for, "Federal Open Market Committee".
   
2. Meetings are held 8 times a year. 6 wks apart.
   
3. September meeting is crucial. Right after summer ends.
   
4. FED gives economic forecasts (GDP growth, unemployment, inflation, etc)
   
5. Budget/ debt ceiling discussions/ decisions
   
6. Interest rates (mortgage, savings, etc)
   
7. Forward guidance (very important, probably what matters the most here).
   
8. These decisions will affect the US Dollar, which affects the global economy one way or another.
   
9. Volatility for markets, especially if there's new/ unexpected guidance.
   

Pay attention to the forward guidance today. Everything else may already be "priced in". SPY QQQ ES1! NQ1! will react the most.

Good luck & trade safe. No need to jump on any trades during the meeting YOU MAY GET burned (unless you do a straddle I guess). 💯