Does The Fed Matter

Most studies of Fed days suggest buying the day of a Fed announcement, especially if the market has been getting hurt. I hope the trade works because I am long for a trade here but I have my doubts as to whether such studies are relevant. The Fed has lost credibility with market participants and previous studies look at times when the Fed was more relevant.

2 comments:

PJ said...

I wonder if so many people expect the Fed announcement rally, that it is now happening before the announcement. One announcement not long ago we had a sharp rally for 5 minutes and then it equally quickly reversed.

At any rate I've put my shorts back on at satisfactory prices and don't expect to do any more trading today.

Random Thoughts said...

Ass Wednesday?

Fo my Dawg