Stock Investors Exercise Caution Before FOMC Outcomes and Powell's Remarks
Market Overview: The S&P 500 is down 0.06%, while the Dow Jones is up 0.26%. Stock indexes are under pressure due to rising global bond yields and concerns about a hawkish rate cut from the FOMC meeting today.
Interest Rates and Economic Indicators: The 10-year T-note yield rose to a 3-month high but has since decreased slightly. The FOMC is expected to cut rates by 25 basis points, with a focus on future rate projections and economic conditions.
Corporate Earnings: Q3 earnings for S&P 500 companies have exceeded forecasts, with an overall increase of 14.6%, marking the best quarter since 2021. The earnings season is nearing its end, with most companies reporting positive results.
Stock Movements: Mobile grocery delivery stocks are declining following Amazon's expansion of same-day delivery. Notable gainers include Photronics, which surged over 42% after strong earnings, while AeroVironment and GameStop saw significant drops due to lowered forecasts and sales declines, respectively.
Trade with 70% Backtested Accuracy
Analyst Views on QQQ
No data
About the author
Trump Criticizes Powell on Interest Rates, Links It to National Security – Claims Fed Policy Is Costing the US 'Hundreds of Billions of Dollars Annually'
Federal Reserve's Decision: The Federal Reserve has decided to keep the key borrowing rate unchanged, maintaining it within the 3.5% to 3.75% range, aligning with market expectations despite previous rate cuts totaling 75 basis points in 2025.
Economic Activity: The FOMC noted that economic activity is expanding at a solid pace, although job gains remain low and inflation is somewhat elevated, indicating a mixed economic outlook.
Trump's Criticism: President Donald Trump criticized Federal Reserve Chair Jerome Powell for maintaining high interest rates, arguing that it is detrimental to U.S. national security and unnecessary given the current economic conditions.
Potential Government Shutdown: The Fed's decision may be followed by significant macroeconomic and political developments, including a potential U.S. government shutdown and Trump's upcoming nomination for the next Fed Chair position.
Gold, Silver, or Stocks? The Return Discrepancy for 2026 is Astonishing
Investment Returns: An investment of $10,000 in gold and silver a year ago would now be worth $20,000 and $38,300, respectively, while similar investments in major stock indices would yield lower returns.
Gold and Silver Performance: Gold prices have surged over 3% recently, reaching a new high of $5,595 per troy ounce, while silver prices also rose, touching $120.44 per troy ounce.
Market Drivers: Analysts attribute the rising gold prices to geopolitical tensions and a weakening dollar, alongside increased investor demand for safe-haven assets.
Future Projections: Experts predict that gold could reach $6,000 per troy ounce by 2026, driven by ongoing geopolitical issues and structural supply deficits in precious metals.