The Market Liked FOMC
Whether its a short squeeze or more buying, the market went up a few minutes after Jerome Powell started speaking today. Yes, there might be really negative economic data coming sometime in the future. But we don’t know how much of that the market has already priced in, and it might take time for it to kick in. In this week’s edition of Moxie Indicator Minutes, TG explains that, if the market wants to go up, we ride it and deal with the negative stuff when it starts to matter.
This video was originally broadcast on February 3, 2023. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, iOS, Chromecast, Android, and more!
New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.