Here are the changes in the FOMC statement. First impression... "Risks of higher unemployment and higher inflation have risen."
In other words, stagflation is now on the Fed's radar, complicating cutting rates. Stagflation is the worst economic regime for stocks. -Bobby-
Finance Unfiltered
Bobby Iaccino, Jim Iuorio, and Mike Arnold combined over 90 years of active trading experience In stocks, commodities and options. Real trades described by real traders. Look us up on your own, and ask questions..
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Our MicroStrategy [MSTR] long hit its 1st target yesterday; the stock has risen almost 14.75% (through this morning) since our entry. Our official position will be adjusted in the newsletter regarding the stop, but I am exiting 50% of my position and moving my stop to breakeven. For the official positioning, see the Unfiltered Investor newsletter, out on Sunday -Bobby-