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Waiting for Powell (Market Update from Charles Green)

Charles Green here, Senior Market Analyst here at Traders Agency.

Here’s today Market Pulse 360.

Market Pulse 360 for April 26, 2023

Owing to near fears of bank failures and the disappointing earnings of UPS yesterday, markets sold off, going below major support levels.

Fear of contagion with First Republic Bank reporting an exodus of 50% of deposits and pulling all forward guidance plus recession with lower forward guidance from UPS with less ecommerce business contributed to driving the market down.

However, two titans reported great earnings: MSFT and GOOG. This allayed some fears with recession and overblown concern of systemic financial crisis. Futures are strong this morning, but the most important factor is the Fed.

The FOMC meeting next Wednesday will decide the next move in the market. Assuming the Fed increases rates only .25% and signals a pause, this will be the catalyst for another big leg up in the market.

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Ross is holding a live demonstration of this strategy later today at 7 p.m. Eastern.

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A Bit More About Me

My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.

I’ve also:

  • Been an adjunct finance professor for nearly 20 years
  • Worked as a financial consultant with Merrill Lynch managing millions of dollars 
  • Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
  • Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world

My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions. 

My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.  

This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.  

I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.  

Charles Green
Senior Market Analyst, Traders Agency

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