The Fed will announce its new policy this afternoon. I expect everything to remain the same, dovish, with low rates and continued buying… They’ve got the bottomless checkbook and the market isn’t concerned about inflation … Sorry hawks.
High-flying stocks are few and far between this week, the best moves were in the OTC markets. I think that could continue today, I’ll keep my focus there.
Bitcoin is in a tight range, waiting to see what will happen next … Stock futures are near flat after light selling yesterday.
I’ll be cash by noon to avoid any crazy that might result from Fed Chair Powell’s afternoon speech.
OTC (on watch, no levels):
HTZGQ, ABML, ENZC, RECAF, DPLS, PHIL, AMMPF, MJWL, RSHN, RLLCF