The Feds call to hold rates was highly telegraphed and seems to be an attempt to do no harm heading into an election. The decision had much less weight than the split vote that led to it. This shows a struggle amongst the votes on rates and the market, which was pretty flat all day really didn’t react.

Traders seem to be waiting to see who flinches first and tomorrow’s activity will be telling. Behind the scenes we are seeing the election cycle patterns play out in the markets and the guide we shared this morning is getting a lot of eyeballs. It really lays out some reliable moves the ballot boxes create. Be sure to check it out.

Tech earnings are at the forefront now. Here is a list of what is coming in the next couple days:

MSFT–after the close today.

GOOG-after the close today.

AMZN-after the close tomorrow.

INTC-after the close tomorrow.

SNDK-after the close tomorrow.

With a lot of pressure on AI tickers to defend their borrowing, no relief from the Fed may have an impact. It isn’t always about just the numbers and often has more to do with the warnings and forecast included in the earnings calls.

I am holding on to my SQQQ trade and I am ready to own up if it doesn’t play out.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily