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1. MSFT and GOOG reported earnings last night. Both stocks are trading higher by 5%. The earnings were not that great, but as I always say, it is the reaction that matters, not the news. APPLE and Amazon report earnings tomorrow afternoon.

2. Later today, the FOMC will conclude a two day meeting. Then the Federal Reserve will make their interest rate policy decision for the US. The central bank is expected to raise rates by 75 basis points. Some investors are looking for a 100 basis point hike, but I do not see that. While this news should be baked into the cake already the verbiage could sway markets. The Fed announcement will be at 2pm ET. That will be followed by a press conference at 2:30 by Fed chairman Powell. 

3. Gold is trading down a little this morning, but remember it has a tendency to react after the Fed news is released. 

4. Bitcoin futures are catching a bid today trading higher by 2.5% to 21,460. So this is simply trading in a range at this time. Just remember, the larger trend is down.   
1. MSFT and GOOG reported earnings last night. Both stocks are trading higher by 5%. The earnings were not that great, but as I always say, it is the reaction that matters, not the news. APPLE and Amazon report earnings tomorrow afternoon. 2. Later today, the FOMC will conclude a two day meeting. Then the Federal Reserve will make their interest rate policy decision for the US. The central bank is expected to raise rates by 75 basis points. Some investors are looking for a 100 basis point hike, but I do not see that. While this news should be baked into the cake already the verbiage could sway markets. The Fed announcement will be at 2pm ET. That will be followed by a press conference at 2:30 by Fed chairman Powell.  3. Gold is trading down a little this morning, but remember it has a tendency to react after the Fed news is released.  4. Bitcoin futures are catching a bid today trading higher by 2.5% to 21,460. So this is simply trading in a range at this time. Just remember, the larger trend is down.    read more read less

about 1 year ago