Daily Alert – Thursday 24th November 2022: Fed Meeting Minutes underwhelm

Mark NugentDaily Alert, Nov 2022

Daily Alert – Thursday 24th November 2022: Fed Meeting Minutes underwhelm

Good afternoon.

The Fed Meeting Minutes were a damp squib. They revealed that most voters wanted to slow the pace of hikes. We already knew this from post-meeting comments. The USD dropped and equities made a gain, as expected, but the moves were small.

It’s Thanksgiving in the US and there are no Tier I announcements today or tomorrow.

We have had ten consecutive days of indecisive risk sentiment. These periods are not unusual. Good opportunities will come soon, they always do. In the meantime, I will be patient and will resist getting sucked into poor setups.

I’ll be back on Monday with your Trading Plan for Week 48. Have a good weekend when it comes, and I’ll talk to you then.

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