Today's Fed Announcement Will Be More Important Than Usual
- Nvidia’s bounce yesterday was nice, but the overall reaction to their Developer’s Conference has been muted. Given how the stock usually acts following their announcements is a bit concerning. So, the action in this stock over the next week or so should be even more important than usual.
- The Fed’s rate announcements and the Chairman’s press conferences are always important. However, with Treasury yields testing key resistance levels, these events are going to be particularly important this time around.
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