9/16 FOMC Presents Problems

What will the Fed cut? Does each basis point mean something? Is the market over extending into FOMC? What's Up with Bitcoin?

There is so much coming into this FOMC, I would deem it the most hyped FOMC we have seen all year.

More coverage has been placed on this day in the past 4 days than at any point earlier in the year.

To be fair the Fed Reserve is under immense pressure to cut. Not just politically, but also from economic perspectives.

What is crazy is we have every John and Jane writing about how much they think the market will cut. We have letters from the Senate urging a 75bps cut!

Yet, no one seems to remember the Jerome Powell that we have known for the last 5 years. Jay is not jumpy. There’s a lot he could have done wrong, but thanks to his refusal to overreact we have avoided a lot of disasters along the way.

Today, we are going to have the deep discussion that you have been waiting for on what is the most probabilistic outcome for cutting rates. What we know historically about rate cuts, and what markets tend to look to buy following the first rate cut.

Stick with the ole wiz, and I’ll guide you through what will undoubtedly be one of the toughest weeks of the year for markets.

Subscription Discounts!!

If you aren’t already taking advantage of the student discount I really encourage students to do it. I want education to be accessible and for my stack to be less than your Netflix Subscription.

Student Special:

I’m also celebrating 1 Year on my Substack, so anyone that renews their subscription gets 15% off their subscription for as long as they are subscribed to the stack!

15% off Forever:

Thank you, deeply and truly, for supporting this stack and this community. We’ve been on a long journey with many great adventures, and I hope this stack has helped you grow not only as a trader, but as a person. That you have found some meaning in life and learned a little more along the way.

If you have learned even just 1 thing from here, I hope you also consider sharing the substack, RTing its posts, and just hitting the like button when you read it, because that allows for our tribe to continue to grow and for more people to get in on the wiz biz :) My goal for the substack this year is to grow it to 2,000 subs, and we currently stand at 1,300 tribe members strong!

Again, thank you! What an incredible honor it is to get to teach and be with you all each day. Here’s to another year of torching the markets!

I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.

Refer a Friend and Receive Discounts off your subscription

VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)

STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)

If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.