Hello Everyone,
FOMC tomorrow so anything goes and thus not going to outline a formal report. The Fed is in a very tough spot here with inflation still entrenched coupled with the recent banking issues. I sure hope they stay the course as I believe it would be a mistake to pivot here (just my opinion).
I will say that ES 4050/60 overhead is a big zone overhead. Should the FED pause and turn dovish, it's likely that risk assets will ramp again which only serves to make the mandate to tame inflation increasingly difficult. Let's see what JP has in store tomorrow.
Please take a moment to look at the trade ideas.
