Previous post Next post

Futures Higher Ahead of Today’s Fed Meeting | 3:00 on Markets & Money

(1/26/22) Futures are higher ahead of today's Fed meeting--in markets that have been sharply lower since the beginning of the year. Are markets ready for a bounce? The S&P is oversold, sitting on support from October's lows. A bounce today could rally all the way back up to the 20- and 50-DMA, and hitting 4,600 on the S&P would not be surprising. Similarly, the NASDAQ, down over 13% for the year, a rally back to its 20- and 50-DMA is not out of the realm of possibility. Cryptocurrencies have become the defacto indicator for market sentiment, with Bitcoin oversold by more than three standard deviations. Unlike the markets, Bitcoin is already beginning to form a base and turn positive, but is about to run into some resistance at the declining 20-DMA. But if Bitcoin can rally above the 20-DMA, there's a clear shot to possibly hit $45,000. An effective rally in Bitcoin could fuel a risk-on appetite in the markets. this afternoon's Fed meeting, however, could completely change the tone and the direction of the markets. A more-doveish Fed would favor stocks and cryptocurrency, and potentially fuel markets over the next few days.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
Get more info & commentary:
Watch the video version of this report by subscribing to our YouTube channel: &list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
Visit our Site:
Contact Us: 1-855-RIA-PLAN
Subscribe to RIA Pro:
Connect with us on social:

#FederalReserve #Bitcoin #NASDAQ #S&P #Inflation #Oversold #Buyers #Markets #Money #Investing
Full story here Are you the author?
Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
Previous post See more for 9a.) Real Investment Advice Next post
Tags: ,

Permanent link to this article:

2 pings

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.