Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 1st of May.
Fed Reports at 2pm ET
Today at 2pm, the Fed will announce its intentions with its bond buying program. I am expecting the Fed's decision will remain pretty much unchanged.
What's Going To Kill This Bull Market?
I would not expect to see any groundbreaking news coming out of today's Fed announcement. However, the Fed is going to be the one that kills this improbable bull market. It would appear that most people are still not sure the economy is good and corporate America is certainly on that same band wagon. Corporate America has cut expenses to the bone and we don't believe they're going to have any more room to cut costs. Any future growth is going to have to come through growing profits, which is at the moment, a difficult proposition. Thank goodness for technical analysis and our Trade Triangle technology, which has captured most of the move in the indices and major stocks. Continue reading "Today's Video Update: What's Going To Kill This Bull Market?"