Friday features high-impact S&P Global PMIs at 9:45 am. The primary focus shifts to Wednesday for the Fed rate decision at 2:00 pm and Powell’s presser at 2:30 pm. Thursday at 8:30 am brings critical GDP and Core PCE inflation data, which are vital for the Fed's restrictive policy outlook. With markets speculating on future rate cuts, expect significant volatility during the FOMC announcement as investors parse the statement for dovish shifts in sentiment.
Prepare for sharp swings in SPY and QQQ during Wednesday's FOMC meeting; consider hedging positions before 2:00 pm. Thursday's PCE data will likely dictate the long-term bond yield trajectory. If GDP misses expectations, watch for a defensive rotation into staples.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.