November Stock Market Dates, FOMC, Rate Hikes, Payrolls and more…
1-2 Nov: #FOMC rate hike, Forecast- 75 bps hike: FED INTEREST RATE DECISION (WED. 2:00PM ET), FED FOMC STATEMENT (WED. 2:00PM ET), FED FOMC ECONOMIC PROJECTIONS (WED. 2:00PM ET), FED CHAIR POWELL SPEAKS (WED. 2:30PM ET)
4 Nov: US Payrolls, lower expected.
8 Nov: US Midterm Elections, Republicans expected to win the House or Senate (or both) as per trends
10 Nov: US CPI Forecast, currently 8.1%
6 scenarios by JP Morgan for S&P 500 after FOMC
- 50 BPS and dovish conference (+10%)
- 50 BPS and hawkish conference (+5%)
- 75 BPS and dovish conference (+3%)
- 50 BPS and hawkish conference (-2%)
- 50 BPS and dovish conference (-5%)
- 50 BPS and hawkish conference (-8%)
Week prior to FOMC (last week) has been red 5x and green 2x
Week of FOMC (this week) has been red 2x and green 5x
Seems the week of FOMC is generally bullish with hope it will be the end of QT
$DIA $SPY $QQQ $VIX
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