4 things we know right now about FOMC

Michael Esther
05-04

FOMC on May 7 at 2pm EST could easily break $SPDR S&P 500 ETF Trust(SPY)$ golden rally becuase SPY has key levels holding it down still:

(bookmark SPY chart to see why tariffs problems isn't over, $JPMorgan Chase(JPM)$ collar at $590 is a SHORT call and 200SMA will pin market)

4 things we know right now about FOMC:

1. Market wants 4 rate cuts and 1st will be in June (bullish)

2. Economic data is not as bad as thought (dovish)

3. Tariff concessions by Trump is a good thing and talks with China is ongoing

4. $Tesla Motors(TSLA)$ $NVIDIA(NVDA)$ $Microsoft(MSFT)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ all strong ER

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