Hey, Ross here:
In less than five hours, the Fed will release its interest rate decision.
Right after that, Fed Chair Powell will begin his market-moving press conference.
It would be a major surprise if there are any rate cuts today.
What investors will really be watching is what Powell says about the Fed’s outlook for the economy, employment, and inflation.
The most likely scenario?
The more words that come out of his mouth, the more the market will fall.
That’s been the general trend…
And I believe it will repeat itself again – especially given the escalating geopolitical situation.
Check out how that has already influenced yesterday’s price action.
Chart of the Day
This chart shows the intraday market action yesterday across the four major indexes.
As you can see, although markets opened lower – they steadily rose higher through the afternoon…
That is, until President Trump called for Iran’s unconditional surrender on social media, signaling that the conflict is only likely to intensify.
Markets sold off in response, with most indexes ending the day close to 1% lower.
Powell’s speech today is likely to spur a continued selloff..
Especially with new data showing retail investors have been net sellers for the past three weeks.
I explain what I see coming next below.
Insight of the Day
A brief market shakeout is likely on the horizon.
Since the April bottom, we’ve had textbook price action.
A sharp recovery, followed by a sideways consolidation period to digest the action…
And then clear signs of subsequent breakout from said consolidation.
As I said earlier this week, the Iran situation has put a pause on said breakout.
And with Powell’s speech today likely to take a highly cautious tone…
I see a brief market shakeout coming.
But underneath all that, the data is telling me the market is still healthy…
Meaning this shakeout is a prime positioning opportunity you don’t want to waste.
That’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you my complete game plan to capitalize on the situation.
It has to do with detecting specific “pressure points” in the market that could tell us where stocks will surge first – ahead of the broader market.
This strategy has helped us find open-portfolio gains of 47%… 166%… and 171% within the last 8 weeks…
But with the way circumstances are playing out – this could just be the start.
So click here to guarantee your seat at my live game plan session, if you haven’t yet…
And I’ll see you later this afternoon at 3 p.m. ET.
Customer Story of the Day
“Ross & his team will set you up on the fast track in understanding the market, what it means & how to spot the good deals!”
Ross Givens
Editor, Stock Surge Daily
