Stocks and FOMC
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Exactly one month ago today we had suggested that stocks were due for retrace to the middle of their range, and that the next rally may be the one to test bears’ resolve.
We posted this daily chart on June 27:
Below is an update of the same chart, on the weekly time frame:
Stocks have hit their midpoint line in the range; but will we get a push higher to the 200-moving average and top trendline?
Perhaps only Powell knows
Traders and investors should expect volatility in all markets.