Tomorrow, Wednesday, the Fed decision at 2:00 pm and Powell’s 2:30 pm presser dominate amid market chatter regarding rate-cut delays. In 2 days, Thursday at 8:30 am, Core PCE and GDP data will drive high volatility. Friday features ISM Manufacturing at 10:00 am. Today, Tuesday, monitor Consumer Confidence at 10:00 am. Traders should hedge long positions before FOMC. A hot PCE print may trigger a $QQQ sell-off. Watch the 10-year yield for hawkish pivots.
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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.