Thursday, January 30th
“Economics – the dismal science”
-Thomas Carlyle
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡Crypto: Up
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Major Market Events
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Comcast stock sinks as Peacock fails to add more subscribers
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Mortgage rates stay stuck near 7%
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Microsoft stock sinks as cloud sales fall short
🤔 My Thoughts
As most traders predicted, including us, the Fed paused all rate moves yesterday.
The only wild card was President Trump’s forceful statements before the event, demanding lower rates.
Frankly as much as we’re excited about Trump’s market friendly policies (and lower rates for our own investments,) we may have to disagree with his call for lower rates…
But Powell isn’t going far enough either as we may need a “rip the band off” rate hike again to take some short term pain for the hope of longer term stability.
No need for us to report on what the president said though, he made himself very clear on his Truth Social platform yesterday after the Fed announcement:
You can check out a replay of our live interest rate broadcast (where we predicted the rate pause, and shared a powerful strategy for trading this environment) right here.
Testimonial of the day
Iwan S..: “made 528 37.6 % very happy”