Make Money Trading The News

At SlingShot Trader we help subscribers make large, quick profits trading the news. Not every news story is worthy of a trade. In fact, very few are. But with our proprietary screening mechanism — the SlingShot Profit Screen — we cut through the noise to find the high-velocity trades that will put money in your pocket. LEARN MORE ›

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John Jagerson
Editor, SlingShot Trader

Wade Hansen
Editor, SlingShot Trader

Weekly Update: May 4, 2016

The Federal Open Market Committee (FOMC) released its latest monetary-policy statement today, and it left interest rates unchanged. This was largely expected, but some of the changes in the wording of today’s statement seem to make the potential for an interest rate hike in June more likely.

For example, the FOMC removed the following from today’s statement: “However, global economic and financial developments continue to pose risks.” Even so, the S&P 500 seems to have held its ground after the announcement, and Treasury yields are still low. So why are investors still buying stocks?

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Today’s Market

NASD 4725.64 -37.58 -0.79%
S&P 500 2051.12 -12.25 -0.59%
VIX 16.05 0.45 2.88%

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