Trading Plan – Monday 9th January 2023: Fed tells markets to listen
Happy New Year!
I hope you are all fully rested and ready for another excellent year of trading.
It’s a quiet start to the week with a sparse calendar today and tomorrow. The markets remain excited about the slackening of wage growth reported last Friday in the US. They see this as a bullish sign, despite the Fed being quite hawkish in last week’s Fed minutes and stating quite clearly that they have concerns the markets are not hearing that message.
The highlight of the week is US inflation on Thursday. The expectation is a further weakening from the prior number. There’s plenty of scope here for the markets to completely over-react, which is often profitable for us.
As always, I go through all this stuff in detail in the video.
As tomorrow is another sparse day on the calendar, I will be back on Wednesday.
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