Waiting on the Fed

Hey there! This afternoon at 2:00 PM ET, the Fed will release its meeting minutes. Usually, it's good not to stress too much about the financial calendar, and even today, you really don't need to "stress" about it. But you should be aware that if there's a lot of talk of inflation, there's a good chance the market will dive again. Some stocks are already down, and you'll notice that gold and silver are up, so some people are clearly already preparing for such an outcome. In this chart of XAUUSD, you can see the price of gold steadily increasing against the dollar since about the start of April: Keep a close eye out for those Fed minutes around 2:00 PM. If the inflation talk is heavy, the market will likely react. Of course, as we've said before, this is sort of a "one man's trash is another woman's treasure" situation. If there's a stock you like long term and it pulls back on a bearish short term outlook, then you've got a potential entry point. One stock that isn't being hit because of inflation worries is AT+T (ticker symbol T). They announced a deal to sell their media division, WarnerMedia, to Discovery (DISCA), and the market took it as a really negative sign for AT+T, as you can see. The interesting one to watch though will be DISCA. They took a massive hit near the end of March and haven't really recovered. But I'm watching and waiting. Any time a stock falls like that and there isn't a very obvious reason why in terms of the health of the company, it's always worth keeping an eye out for a potential return to previous highs. Hope you're having a great Wednesday. Chat Soon, Markay P.S. In case you missed it, Jeffry Turnmire taught a free class on "Winning with Market Math."  This is like no other math class you've seen. Check out the replay here. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe