📈FED MINUTES RALLY MARKETS

The day before Thanksgiving is always challenging. Light volume and huge volatility is the norm. An Economic data dump is standard as no economic data is released on Thursday or Friday. The markets rallied on stronger than expected durable goods and retail sales. This is an important distinction. When the market rallies on bad news that means the sentiment in the market is currently bullish. At 2 PM today the Fed minutes were released. Fed minutes are a written transcript of what was discussed and the plan at the last Federal Reserve hike meeting. There were two significant statements that rallied the market. The first was the federal reserve stating clearly that they are willing to see what the previous rate hikes are doing to the current market conditions. In other words, they are aware that their rate hikes have been unprecedented. Second is that they are going to look at the economic indicators to make decisions. Now this statement reflects the data driven outlook set previously by Jerome Powell that was missing in the minutes last month. This signals a possible slow down or pivot in monetary policy. This led us to rally in the markets. The 10 year treasury rallied to 3.7%. The VIX, volatility index, continues to plummet as investors do not feel the need to buy protection.I go over this in greater detail in the video below

The video below covers what happened in the fed minutes that rallied the markets, What stocks are on my watchlist and key levels for the indexes. Pay close attention to COIN

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