You know i got ta say i. I am pretty genuinely impressed and surprised at how well uh the fed handled. You know inflation talk today the rate hikes and all this different stuff. I watched the entirety of francinos thinking what the heck, i don't think i've ever seen a jerome powell that seemed like he had a formulated plan.

This is this is all like foreign to me. This is alien. This is like watching a a ufo touchdown on planet earth. I i'm i'm like i'm just genuinely surprised guys welcome back to trace trades where you freaking talk faster.

Those good questions by standing on fire experts, so they're gon na say the green assault. Let's get into the video today guys we have to dive into uh pharmacy, we're gon na analyze the pharmacy. The fed talk all this different stuff uh. We all kind of wanted to know which direction the market was going to go.

We got that direction here today. Uh pretty crystal clear, smooth as butter and and i'm i'm pretty genuinely happy with uh, with the way that this this meeting was handled before we even dive into it. You know this is kind of the plan. I'm gon na go over 5c notes kind of what my my big takeaways were for the meeting uh we're not necessarily out of the clear yet for the market, but i do think you are going to have short-term alleviation.

I i i would expect that. I think that you're gon na have a good bounce off of jerome powell coming out sticking to a plan executing the plane and giving you uh less uncertainty. I mean he gave you a lot of certainty with his with his talk and his plans moving forward and we're gon na dive into amc and what that means for amc along with small, mid cap companies, because this talk drastically changed things it. It genuinely did.

I think you're, actually gon na have a much better couple weeks than you would have. If, if you know, jay powell came out and surprised the out of everybody uh, you know regarding what he was talking about. So with that being said, you know pharmacy happened today. Uh jerome powell from the fed the chair of the fed, came out and discussed rate hikes.

They agreed to a 50 basis. Point hike and 50 basis. Points is exactly what was expected. They were expected to raise rates by uh by 50, not five, not point zero.

Five percent point: five percent uh was the expectation it was met. Now i've talked about this before on my channel uh, but in case you, you do not know. Uncertainty equals bearish conditions, bearish and uncertainty equals bullish. These are uh pretty synonymous, i mean genuinely when you think of good news, bad news, bad news can be thought of as uncertainty.

Good news can be thought of as an alleviation of uncertainty, which is a transition to certainty uh. Basically, what this is saying is the market over. The previous couple of weeks has been pricing in a lot of uncertainty. You see this top out right here and then from there just a pretty smooth move to the downside and it bottoms out at what appears to be just shy of 400 bucks.

That bottom out was to me the pricing of 50 basis points. Now. If they came out and they were to raise rates by 75 basis points, i think you would have seen the absolute opposite happen here today. I think you would have seen uh, essentially the the market reject.

You know this red path that i had drawn up right here, but thankfully we don't have to deal with that. What you got to deal with was the 50 basis point hike now, since it was already priced in. You got that huge move to the downside and you transitioned from uncertainty to certainty. While the market rallied and rallied phenomenally, you might think to yourself with 50 basis point hikes.

This is bad for the economy. It's going to be bad for the market, but it's not like that. It's an uncertainty to us to certainty transition, which is inherently a good thing. You alleviated a lot of uncertainty and, and quite frankly, i think that the broad market uh, whether i agree with it or not - was able to put a little more faith in jerome powell in their plan and what the fed has to say and what the fed Would like to do in the future.

So, with that being said, confidence in the markets. Certainty in the markets is going to equal uh upside you're. Just gon na have nice moves nice rallies and that's exactly what you got here. I want to make it painfully clear, though, that this does not alleviate the problems.

There is still massive inflation problems. We have not combated inflation right. We still printed off a lot of money, there's still insane amounts of leverage and margin in the markets. The housing market is still frightening and we are still late, uh, so long-term midterm right.

I i don't think this necessarily uh gets rid of the problem at hand, but this does sort of in a way uh. Probably the best way that i can put it is: it puts up like a shield right. What you're doing is you see this fire? That's burning back here right, uh housing market going absolutely nuts uh rates go into exponential heights that they haven't seen in ages. Uh, inflation out of control, you've got insane margin, problems, there's a liquidity problem within the market, right uh, and then you just basically put a shield in front of it.

You're like you're like well guess what doesn't exist. We can't see it out of sight out of mind and that is sort of giving us return protection here, uh right now so moving forward. What do i think is going to happen? Well, the fed is hinted at uh, two 50 basis point hikes to come and then 25 basis point hikes thereafter. Now, if this goes to plan, if the fed actually executes this in the next three or four pharmacy meetings, go like this 50 basis, point hike, 50 basis, point hike, 25 basis, point hike or even better, like a 50, a 25 and a 25 or a 25 25 25 you're gon na see insane rallies like we haven't seen, i mean today uh.

This is a monstrous monstrous monstrous move out of the spy. It went from a low of 413 dollars to what is now 428 in the high of the day is 429.50. Ah, that's a big move, we're up three percent on the day. That's monstrous! You would see another move like that to me.

I think you genuinely would uh if and only if they stick to the plan. Bad news would mean if they deviate if they deviate from the plan. Well, what you're doing is sort of betraying investor confidence and you would get that transition back to uncertainty. We go in this constant cycle on the market of uncertainty, to certainty to uncertainty, to certainty right now.

We are starting to go here right and if they deviate from the plans such as they have in the past - and they mentioned 75 basis, point hikes or 100 point hikes, whatever percentage hikes, uh you're gon na go back to that certainty, sort of uh monologue. So to speak, uh in the future good thing the fed is not actively considering a 75 basis point hike. He did mention that jerome powell did mention that during the pharmacy meeting today, uh - which i am you know pleasantly happy with so the final takeaway is i i. I think that this is honestly a camp kick down the road.

I do. I think that the market is reacting to this in a way where they're gon na say all right for now. Things are good enough, they're good enough, that we feel comfortable buying into the market, and you can see that uh by looking at the generalized trend, i mean the the bounce. Here is absolutely disgusting, and that tells you everything you need to know.

I mean the the big money - big investors, market makers, whoever it may be uh have enough faith in the market that they want to continue pushing things higher. I drew this out yesterday. I thought i thought there was two pads uh. One was you'd, see a bounce off of this descending level and a push up uh.

That would be if there was a 50 basis point hike instead of a 75 that happened the other, and if this would have happened, if there was a 75 basis, point hike which we didn't get uh would have been a rejection. You know it would have continued to sell off. Bomb c would have happened, 50 bases, point hike would have been 75. You would have seen a selloff because i don't think that's fully priced in uh and we probably would have followed something along these lines where it sells off tests and sells off more.

But we didn't get that and thankfully uh the market's gon na get a little bit of green to it, which is which is nice uh. You know the the the grand scheme of things are they're going they're enjoying their nice green uh as we go on to uh the day today. So that's kind of my thoughts on the market. For the time being things look, pretty good, uh fed kind of did what they had to do to to meet expectations, which is short term good.

You've got some certainty and uh. I guess we'll we'll uh expect a good couple of weeks. So i'm happy for that and inversely. I should say synonymously because sort of in relationship to amc uh.

I would expect a rally. You can see that that did happen today. Uh spy turned green amc then went green as well. Not as much as the spy mind you uh, we should make that painfully clear.

However, it is still a green move. It is up now on the day 1.35 rejected a hair. I'm going to show you guys the one minute candles here, really quick, but very obviously, fomc came out. People reacted to it positively and then amc went pretty good.

I mean it had a great move off of that we go over to gme. You see the exact same thing: it's up, 5.51 uh, nice move off of uh, essentially that pharmacy positive news and uh. I think, because of that amc and gamestop are going to have a much smoother sort of uh next couple of weeks. I think it's going to be far more bullish.

I think you're going to expect a decent rally out of these two names. Uh and apes are gon na, be pretty happy man. I i genuinely think this is gon na make people much happier than if we got obviously the opposite, which is uh the fed going higher than was expectations. You know that 75 basis, point hikes, i think if inflation comes out and it is still going higher or it is stagnant, stagnant, the the fed is going to view as progress, so they will probably just continue on plan.

If it goes higher, they might feel a little bit jittered a little bit jolted and it may react a little a little more negatively. So you're gon na be wan na watching uh cpi data. When that does come out. Uh, that's gon na give us a pretty good idea of what to expect in the future, but uh this was good.

I mean this was good. This was honestly some some uh composite man looking at the chart right now, if you look at this on the four hour, this is some composite man, stuff man, i'm telling you amc, touches down on uh. This do or die trend line and then all of a sudden bam. You get good farm c news, weird how that works.

Weirdo, charts, respect, uh, respect levels like that. You look at the spy, which is just hanging right right above 400. This is essentially the do or die line and then all of a sudden fed comes out and they actually stick to playing weird how that stuff works out man. It is pretty interesting in the grand scheme of things and i suppose that's everything i've got for this.

Video uh, i'm happy with this. I think it's gon na mean a good couple weeks in the market. I think you're gon na see more green than red. I don't expect the grand scheme of things to necessarily change, but that is a nice can kick, is genuinely a nice.

Can kick i'm happy with that and uh? I suppose that's what i've got for the video last thing, i'm going to say i am going to be live on twitch.tv, slash, anti juicer. There is a link in the description box down below uh for one hour worth of stock talk. So, if you'd like to stop in we'll be starting at 5, 30 p.m, central standard time uh, which is uh coming up here, pretty quick, so it'd be great to have you there. I am also going to tweet that out, if you'd like to join uh that'd be awesome great to have you uh, that's what i got so i'll catch you on the next one appreciate you much lovely taps and peace.

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