Markets got it all wrong

so what are the impacts on market then

 

Of lesser forward guidance? I guess higher volatility as markets need to guess more.

 

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LOL\ SINCE the main US\ SPY is in a bear trend[aka falling knife refers to longs here]
So i see what you both mean. I seldom watch anything europe we have too much taxes + regs to look@ more. Canadian stocks are different matter since there is such a cross trade.

 

So why market goes up today? Did it get it all wrong again?

Market action after FED meeting does not necessarily to be a respond to FED announcement.
Check out FED meeting on 5/4/2022, even Powell said very Hawkish comments， market nevertheless shot up and closed at the high of the day.
For yesterday, even Powell said nothing, market would shot up after Fed announcement .

 

That is what I believe, I will hold my breath. At this point it is just watching the market and assessing all the variables in play. But I do not see much improvement on the horizon, neither in terms of GDP nor inflation.

If equity markets move higher from here then I probably need to re-assess, but the moment it turns South I will be on the short side in equities and buy USDJPY

 

Even when the markets are wrong, they are right.

 

I went long USDJPY with a tight stop at 134.35

Holding off on the equity side as I need more volume to build on the downside, which might take a day or two if it happens at all.

 

Let the market continue to do a summer drift up for a few more weeks.

Then the next leg down starts

 

That is the best post on this thread.
If you follow market, whether it is right or wrong, you make money.
If you fight against market, whether it is right or wrong, you lose money.
So what is the meaning that you want to find whether market is right or wrong? A trader does not need to judge whether market is right, he just needs to follow market.