It’s Fed Day — And The Market Has Never Been This Divided — Don’s Daily Brief

by | Feb 1, 2023

With the Fed meeting coming up, I’m not going to step in front of that with a daily pick.

The market has never been this divided by the Fed. And actually I’ve never seen the market fight the Fed so much.

Instead of the bond vigilantes we had in the 80’s and 90’s forcing the Fed’s hand into rate hikes, now we’ve got stock market vigilantes forcing the Fed’s hand into easing policies.

We’ll see which way that goes.

There has definitely been some weakness in some of the latest data — housing prices showed a significant decline in November. Business confidence — in Chicago in particular — was weaker.

And we’re seeing that across the board in other regional surveys — weaker business sentiment kind of signaling recession.

On the other hand, consumer confidence came back in very strong. They’re borrowing money and spending it and that always makes consumers feel good.

No pick today, but if you’re a member, I’ll send out an email after the Fed decision if I see something that looks good.

To get a daily stock pick with trigger, target and stop loss right in your inbox, subscribe to The Daily Pick right now for just $9/mo:

The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a stock pick every trading day, complete with triggers, stop loss and profit targets.

Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.

The top idea from his daily scan ends up here.

For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.

What to read next