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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 ›

Latest Webinar: September 20, 2017

Topics discussed: Yesterday’s Federal Open Market Committee (FOMC)’s monetary policy announcement, the resulting action in the S&P 500, the technical levels we are watching on the index, why the market... Watch It Now ›

John Jagerson
Editor, SlingShot Trader

Wade Hansen
Editor, SlingShot Trader

Weekly Update: Sep 20, 2017

The Fed’s statement provides a limited, but important, amount of detail on the plans for the balance sheet (currently sitting near $4.5 trillion) and raising the overnight interest rate. This has been challenging because growth has been slow and inflation has been below expectations. There are no good explanations for why growth and inflation have been acting in such unexpected ways.

Despite the uncertainty, the Fed’s announcement included a target of October to start shrinking the balance sheet, but the average expectation (from FOMC members) for rate hikes this year fell from where it was during the last statement. This should be interpreted as indicating a fairly high probability for at least one rate hike by December, but a much lower probability for two. In our opinion, this statement is more neutral for policy tightening, but it increases uncertainty. That could put some bearish pressure on the market in the near term.

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Today’s Market

NASD 6426.92 4.23 0.07%
S&P 500 - - -
VIX 11.81 -0.18 -1.5%

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