Trading Plan – Monday 13th February 2023: Fed voters hammer home their hawkishness

Mark NugentFeb 2023, Trading Plan

Trading Plan – Monday 13th February 2023: Fed voters hammer home their hawkishness

Good afternoon.

The takeaway from last week was the hawkishness of the Fed. Monday, Tuesday and Thursday saw hawkish statements from multiple voters, including Chair Powell himself. The USD rose over the week. Equities were down ever so slightly. There may be further to go. Increasingly, the commentary from various institutions is bearish on equities. The markets have been resisting a significant down move on equities. Can this last? This week could tip the balance as we have inflation data from the US on Wednesday.

As always, I go through my trading themes in the video.

I’ll be back tomorrow.

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