FOMC Day: Dec 14, 2022

They’re all important, but this one carries extra significance due to the potential for a slowdown in rate hikes, or at least the commentary regarding one. Futures almost backtested the 200-day moving average overnight, but are now essentially flat. After all the excitement yesterday, our targets remain the same across the board. If anything, the … continue reading →

Crisis Averted

Based on how the market is reacting, inflation is no longer a concern. The Fed will pivot and easy money will be back in no time. Except, as we’ve been discussing, this is one of those weeks which almost always overreacts to the upside: FOMC meeting, OPEX, end of year, etc. As noted yesterday, the … continue reading →

OPEC’s Party Was a Bust

OPEC+ threw the party they said they would. Everyone was talking about it. But, nobody came. CL and RB had already celebrated in the days leading up to the meeting and we were left with a non-event with CL stuck at a channel top and RB slamming into its 50-day MA.  Might there be an … continue reading →

(The Latest) Moment of Truth

As we’ve discussed several times over the past month, VIX’s trend line from Jan 24 was overdue for a revisit. Now that we’ve got it, will VIX nosedive as usual or are we in for something decidedly less bullish? The algos are geared up for a bounce. continued for members… … continue reading →