Well, it appears the markets have managed to turn themselves around over the past 48 hours as news coming from the week’s highly anticipated FED meeting failed to scare investors away from taking advantage of low market prices.
With the S&P, DOW and NASDAQ all currently in the GREEN, can traders look forward to some good days ahead or can we expect this resurgence to only be temporary?
Join us today as we review the details of this latest market surge, what helped cause it and how long it may stick around!
News from the FED
Noted as being this week’s most highly anticipated market event was the conclusion of the FED’s two-day meeting this Wednesday. After which, FED Chair Jerome Powell gave updates on the FED’s coming decisions regarding inflation rates and when he and his colleagues believe tapering could officially begin.
During the meeting’s following press conference, FED officials noted that it could soon start slowing down its aggressive bond-buying program, which would be the first step that policymakers will have taken towards dialing back pandemic-era support for the U.S. economy.
In a post-meeting statement, FED officials continued by suggesting that, should the U.S. economy continue down its current path towards pre-pandemic rates concerning inflation and employment rates, FED officers may take the first steps towards returning rates to their previous points, stating that should this trend continue, “a moderation in the pace of asset purchases may soon be warranted.”
FED officials ended their statements by noting that tapering could begin fairly soon and that U.S. interest rates could begin their climb back upwards as early as next year.
Stocks Rise Following FED Meeting
Following the FED’s meeting where they told the world they may begin easing their extraordinary support measures for the U.S. economy later this year, stocks began to soar!
Breaking its 4-day losing streak, the S&P rose 1% following the meeting and the DOW managed to climb up 1% itself (+338.48!)
As for the NASDAQ, it also managed to take advantage of this momentum, gaining 150.45 points to a total of 14,896.85!
… But the momentum didn’t stop there as there was more to come Thursday! Today, the S&P, DOW and NASDAQ all sit in the GREEN at 4453.95, 34810.01 and 15060.97 respectively. Some great news for investors who had pretty much given up on this market following our latest trading slump!
The question still remains, however, whether or not this momentum will be able to hold out for any considerable amount of time. Good news (or at least anything but bad news) has a way of being reflected in the markets, as we’ve seen this week, but how long can that momentum last before things begin to head south again?
Obviously, nobody has the definite answer to this question, but many investors believe that it’s just a matter of time before this boost fades away and charts find their way back in the RED once again.
Before that happens, however, many still plan on taking advantage of the endless possibilities being presented to them during the markets latest climb!
Learn More Here…
If you’d like to join the thousands of other traders who plan to take advantage of this market momentum before it falls again, we encourage you to join DTI founder and 40-year market veteran Tom Busby now as he shares his take on the markets latest moves and how he plans to take advantage of this current situation.
P.S. – CLICK HERE NOW to learn how Micah’s latest investment strategy has opened the doors to endless Apple possibilities… Allowing the average trader to get in on this massive ticker and have a chance at serious profits with as little risk as possible!