Here Comes the “Boom”

We're raising our S&P 500 target to 6,600. Liquidity + Trump + Fed Spending = A Big 2025. But... there will be volatility.

Action to Take: After yesterday's fireworks, today brings a crucial test with Powell stepping into the spotlight. While markets cheer election clarity, seasoned traders know Fed days follow their own rhythm. Watch the action around 2:35-2:37 pm - that's when markets typically reveal their true direction, regardless of the initial headlines. We’ve seen this OVER AND OVER. 

These mechanical swings, especially pronounced during Powell pressers, often create tactical opportunities for those focused on price action rather than parsing Fed speak. The Fed's response to potential fiscal expansion and trade policy shifts under a Trump administration could reshape portfolio positioning into year-end, making today's signals particularly crucial as policy expectations get repriced across bonds, currencies, and equities.

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Momentum: Market euphoria carries into Thursday as yesterday's record run leaves all three major indices enter uncharted territory. What started as a re…