This is what will happen during the FOMC meeting
Posted: Apr 30, 2024
- FOMC announced no change in rates at 2PM EST - Markets stayed flat/minor rally due to fears of rate hike - Plan to short NQ if there is a rally - Relief rally (if any) will be sold off before meeting stream starts - Powell mentioned needing more data for accurate gauge on inflation - Rate cut expectations for 2024 likely to decrease - Markets may start dumping/selling off during meeting - If Powell mentions potential rate hikes, markets will likely see a significant drop - Prediction of no rate cuts for this year, potential hike instead - Planning to stay cash and enter puts/shorts after rate decision is announced - Holding shorts throughout meeting for potential downside gains
Summarized top reddit comments: - Speculation about whether the FOMC meeting will result in a rate cut or rate hike - Predictions about market reactions based on Fed's statements - Concerns over inflation and strong economic indicators - Speculation that the market may not wait for Powell's statement - Reference to potential market manipulation - Individual anecdote about risky investment strategy - Humorous references to pop culture characters in relation to market unpredictability
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