Republic Risk: To Fight or Not Fight the Fed…

Something feels a bit off about this pending Fed meeting - and we might start to learn what else the central bank has up its sleeve to try to fight a $5 trillion fiscal cliff in 2025. Watch the VIX.

Equity Storm Watch Is GREEN on the S&P 500 and YELLOW on the Russell 2000

The Nasdaq 100 (QQQ) has dipped under its 20-day moving average after a rather blistering five months of upward trajectory. The MACD is negative, and the Money Flow Index is dropping ahead of Wednesday’s Fed announcement. The big question is whether the S&P 500 can hold. We typically don’t see large corrections without a negative SPY reading and a negative (Red) reading on the technology sector. The Technology Select ETF (XLK) is teetering and barely holding its 20-day moving average. A drop under its 50-day would be a very bearish sign for markets, which we’ll discuss this morning.

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Dear  Fellow Expat:

Good morning. 

As I said yesterday, I’m getting a bit bearish across all fronts. 

This morning, Futures markets are rising as investors prepare for two days of NVIDIA (NVDA) talking about AI. But that doesn’t change the fact that we witnessed a $270 billion swing in the company’s market capitalization…