Good FOMC Morning!
This is the day we wait 45 days to roll around. There were two other announcements this morning on New Home Sales and Crude Oil. We only traded the 8:00 MST New Home Sales announcement. Don got .25 points (2.5%), Steff got .75 points (7.5%), Macey, Lindsey and I all got 1 point (10%) and Josh got 1.25 points (12.5%). But the big announcement starts this afternoon at around 12:15. That's when Ben Bernanke, The Fed Chairman, announces information from the two day meeting he's just finished and decides if they're going to raise interest rates or keep it status quo. The last 3 times he gave this announcement it stayed status quo, but the market didn't care - it still moved very wildly on just the information that everything stayed the same. No one knows for sure before the 12:15 announcement what Benanke will say, but large movement is still anticipated regardless. We'll let you know our stats tomorrow morning.
Today we have a free Introduction Seminar in Orem at 10:00 a.m. and 7:00 p.m. at 1411 West 1400 South, Suite 300. We also have a live webinar today at 2:00 p.m. MST. We will also have two more tomorrow at our South Jordan location at 10813 S River Front Parkway, Suite 300 at 10:00 a.m. and 7:00 p.m. You can email lauren@theexchangeut.com or call 877-747-3450 to register for any of these seminars.
Today's Long and Short of It goes into greater detail about tomorrow's Core Durable Goods announcement and just what that means. The Two Cents dishes dirt on our staff:
http://www.youtube.com/watch?v=0rujxJRdIec
Have a great rest of the day and for all the Market Mover Traders, have a great FOMC announcement!
Thanks,Amy
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