FED VICTORY LAP CAUSES MARKETS TO RAGE HIGHER

The Fed came out and talked some shit, causing stocks to giga-spike to the upside.

Here were the main takeaways

December: “Recent indicators suggest that growth of economic activity has slowed from its strong pace in Q3…Inflation has eased over the past year but remains elevated.

U.S. FED RATE FUTURES RAISE ODDS OF MARCH 2024 RATE CUT TO MORE THAN 60%

The Fed holds its benchmark interest rate in the 5.25%-5.5% target range for a third meeting.

What does it all mean? It means the Fed is comfortable with the trajectory of inflation and is becoming more concerned with growth, suggestive of a series of rate cuts to come in 2024. The market is rallying because monkeys like to eat bananas. In fact, markets tend to DROP when the Fed lowers rates and rise when they go up, all to do with the general condition of the economy.

I happened to be LEVERAGED LONG at 115% before the statements and now possess gains of +110bps in trading, +131bps in my longer term strategic account.

To answer questions posed to me: Yes, all basic members of Stocklabs get access to all of my portfolios.