The FOMC is a pass as META Matters

BY ANDREW GIOVINAZZI

January 30, 2025

Yo Pit Crazies,

While you are busy consuming Licia’s excellent class on building wealth, you might want to think about what is going on in the earnings world at the end of business on Wednesday. The FOMC came and went where Mark and I went live and I even shared a Weekly Profit Cycles idea. That idea is looking good on Wednesday.

Meta Platforms (Ticker: META) rocked and Nvidia Corp (Ticker: NVDA) is sputtering. If Microsoft Corp (Ticker: MSFT) knew how to do an earnings call like Tesla Inc (Ticker: TSLA) they would be up too.

Heck, even International Business Machines (Ticker: IBM) is up 8.5%!!!

In spite of the market getting Deep Sixed (Seeked) at the beginning of the week, traders think this earnings cycle is going well.

What does that mean for you?

Earnings are excellent and the FOMC is doing nothing

That is generally a recipe for a rally. Heck if IBM can print some growth, anything as possible. In typical Trump fashion the new spending halt will come in fits and starts but it is coming. Normally at this point of the program, I would say VIX will crash but there is so much going on it might take a while.

I think SPX retakes highs in a week but VIX might not necessarily make new lows. 6100 SPX should come in a hurry if Apple Inc (Ticker: AAPL) reports tonight. That should be a nice account builder for me.

Speaking of, check out Licia here to learn how to build your account.

To Your Trading Success,