Yo Pit Crazies,

Right now stocks need to make a comeback … or at least find a footing after coming down from such lofty heights.

I am reminded that after the dot-com crash, the ProShares QQQ Trust (Ticker: QQQ) got slammed down to below $18.

That’s right .. $18. It closed yesterday at more than $318.

 Every bear market has an opportunity.

I don’t think the QQQ is going back to $18, but it is already down 20% from its highs.

Most of the high growth names are down much more than that.

Let’s do a quick if/then with today’s FOMC meeting.

Stocks Are Stuck to Whatever the Fed Says in the Short Term

I hate to be a broken record but the reality is the Federal Open Market Committee wields a big stick and they gave themselves this job.

I can remember years where no one really cared what the Fed did and it was very little surprise when they did it.

The two choices are:

• Fed is too aggressive: that would be a .50 raise every month and Quantitative Tightening, QT, by selling off their balance sheet of bonds to the market.
• Fed is too dovish-that would be they renege on the  QT and the rate rises and sound way too dovish.

A too aggressive Fed would hurt stocks and bonds.  A too dovish Fed would lift commodities, stocks and bonds as their current stance has been quite hawkish.

Jeez, I wonder what they will do?

Here’s what you should do …

>> Grab Power Gains 2.0 today and join Griff and me for our biggest Fed trade of the year. <<

To Your Trading Success,

AG