Tuesday’s pre-open trade is mainly marking time in advance of the two-day Fed meeting, which starts today and ends on Wednesday.
Tuesday’s pre-open trade is mainly marking time in advance of the two-day Fed meeting, which starts today and ends on Wednesday. Market watchers broadly expect no move from the FOMC this month. The movements making headlines are mostly driven by earnings announcements. We’ll keep an eye on these and highlight the ones that get overdone after the open. At the moment, though, there are more reasons to sit the sidelines than there are to engage. Upcoming earnings this week from NOW, MSFT, GOOG, and AMZN may keep a lid on today’s action.
The premarket read is tough today. The true trading narrative won’t reveal itself until fairly late into the morning session. Keep an eye on our trading board for setups as they develop in real time.
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