FOMC Tomorrow and the Markets Will Be On Edge.
It isn’t likely that Jerome Powell is going to cut rates, or then maybe he will, considering Trump is thinking about demoting him. Whatever the case, the market isn’t expecting a rate cut tomorrow, and if the market does what it did at the last FOMC, it could be the start to another nasty sell-off over the next few weeks, as last month’s sell-off was jump started by the FOMC.
Could it happen again? If so, below is a fine list of stocks to consider shorting for such an occasion.
Here’s the list of short-setups.