Fed Week Begins
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With 2023 in the rearview, it's easy to remember it as an only-up year, a simple bull market. That wasn't how it played out at the time. There was an early spike up and back down, a huge run up from March to July, a slow bleed out from July to October, and then a ginormo stick-save from October to the end of the year. So far in 2024, January has been sideways some, up some, and now down some. We have FOMC on Wednesday which at a minimum provides an opportunity for market bigs to drag equities up, down, down, up, all the while taking out stop orders, before settling on a direction and heading that way.
Want to understand the Fed better? Don't miss our webinar TUESDAY 30 JANUARY at 4PM EASTERN, where our own incarnation of NickiLeaks, Yimin Xu, will be educating us all. You can sign up right here - all welcome.
OK. Now onto our usual charts. Paying members of Inner Circle, scroll down for our long- and short-term take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000 - including the regular ETFs, the futures, the 3x leveraged ETFs and then finishing with a take on sector ETFs in semiconductor, tech, and the Fangs. Phew! Let’s go!
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Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.