So what was said by jerome powell during his meeting today that caused the market to sell off? What's going on team, it's ricky with tech, but solutions with a live stock market update. I hope that you guys learned something new. I do upload new videos every single day so make sure you smash that, like button and of course subscribe to the channel for those new daily videos. So i'm sure a lot of you guys noticed that the overall nasdaq market overall markets really began to uh.

Take a downturn after jerome powell spoke and then talked about interest rates. Interest rates are one of the biggest driving forces that has been driving the market down since early january of 2022.. Last week we saw one of the biggest rallies for overall major markets since 2020. It was progress, it was a step in the right direction.

A lot of people thought that again we were going and really beginning to show signs of an overall recovery. What i mean by that is, the nasdaq market has been selling off everyone's, been anticipating and waiting for things to slowly get better, and we thought that today was just going to be a continuation of what happened last week right. I always try to look out for the beginner trader in the sense that i don't want people to get too excited thinking that something has to happen when things can definitely get worse than anticipated. So what was said in today's meeting was that it wasn't that it was even that much worse than what was said last week, because if anything, they still talked about the overall inflation rate.

They still talked about how there was those series of hikes throughout the entire year, but they just said that they might have to take a more aggressive approach in what they in comparison to what they originally thought and what i've become to find out. Um about. All of this uh or what i've come to find out is that it's not necessarily that there was any good news that was shared last week. I don't know if you guys remember, but i hosted a live session where jerome powell was having and hosting his fed meeting, and i began to trade live depending on which way the market went.

I was going to go and trade the correlating etf right. I took a position on tkq and during that live trading session i made like seventeen hundred dollars profit. It's very easy. One direction is in my favor and when the market quickly reacts, today was quite the opposite.

So if we look at when he actually began to speak, so if we look at that one minute time frame, we began to see a big shift of direction. There was a steady recovery and then all of a sudden, we see an aggressive drop. An aggressive drop t qqq makes new lows uh based off of recent setups. It was down about three and a half percent, and then it finds its support and then begins to recover and then right at market closed.

It was just the choppy day. It begins to sell off. What i began to find out is that it's not that it was horrible news it just what was said today was said with a specific tone that we do have to take a more aggressive approach than what originally anticipated it wasn't that it was significantly worse. It was just slightly worse and that's not good and then on thursday, if i'm not mistaken or on wednesday of last week, when they hosted that fed meeting it wasn't that it was good news.

I mean we talked about the interest rate hike right, but yet the market reacted with a bullish sentiment, so it wasn't that good news was shared, it's just no more bad news was shared, so it was less bad right, uh and that's, i think, kind of the Funny part, because if you actually think of what has been driving the market down, it's really three variables right: russia and ukraine, inflation rate and then interest rates. Those three factors are are still all current issues, but they're kind of just factored into the market, and the reason that i'm sharing this with you is because i want you to understand why the market is reacting. The way that it does everyone kept asking me ricky like what was said that caused the market to sell off. There was nothing really new based off of last week's fed meeting that caused the market to go up.

It's not that anything was necessarily brand new. It's just in the way that it was said it was slightly worse than last week. I honestly think it's more of like the attitude or the intent and then how the market reacts to it, and we quickly saw we quickly saw the market did not react really. Well to it a lot of selling pressure, but all i also want to remind you is like i definitely do agree in the sense that they might have to take a more aggressive approach into the year.

They have specific milestones that they're trying to target, and it's it's what the feds do that's their job. I can't blame them for it. Inflation is high, so the way that they react and the way that they've always moderated inflation is that they raise interest rates for a quick, little uh breakdown. When you raise interest rates, it's more expensive for people to borrow money and that response we expect people to.

Then borrow less money, hopefully spend less and then be able to mitigate that inflation rate, but you also have to ask yourself what season are we about to enter the summer months? What just happened? A lot of coveted restrictions are now being lifted, encouraging people to travel other than what's going on, of course, with the lockdown in china and, of course, in russia and ukraine, but everything else i mean thinking back for the past two and a half years. I don't feel like we've ever had such a solid setup to be able to travel to like hawaii and not be vaccinated right, there's still some slight restrictions, but now to my understanding, most states are opening back up. Therefore, it makes sense that people are going to spend more, and you need to understand that these seasonal patterns, right, if they're, trying to raise interest rates to mitigate that inflation rate in hopes that people begin to spend less. But yet we're about to enter a season.

Where there's a lot of spending that is done, you can see why the feds might react, and oh we're going to have to maybe take a little bit more of an aggressive approach and raising interest rates and therefore that is why the market reacts. The way it did, especially the nasdaq market, which has a big focus on tech, one thing that i do want to remind you is that we can always try to really uh, be very micro, focused on inflation rates and um. What's it called interest rates and what's going on in russia and ukraine, but at the end of the day you know these businesses are still thriving right, i mean the world is still going round and round, so it is important to stay up to date with what Is going on, but you need to understand that, like amazon is still a killer, company apple is still an amazing company. That's still flourishing.

Do you get what i mean it's like? Yes, you want to take these factors into consideration because they do influence the stocks that you're potentially invested in and or interested in investing in, but you also have to take into consideration the big picture that it's great to take the market sentiment. The current market sentiment into consideration, but to not also cloud your overall vision of the big picture, especially if your intention is not to day trade. I know a lot of the people that have begun watching my channel are not necessarily just day traders right. A lot of you guys have full-time jobs.

You guys are you know, full-time students, day trading isn't suitable for your lifestyle. So maybe that's why you're into swing trading or investing, and you need to understand big picture. The deals are present facebook. If we look at facebook and where it's at right now, facebook offers 52 roi if it were to co to recover to previous highs right in it, no or nearly i would say what is it it's more than 50? Actually it's closer to 100 from where we're at right now, if it were to offer a full recovery 82.

But let's not talk about facebook. Facebook is a different story right. Let's talk about amazon, even amazon, it's recovered quite a bit, but even if it pulls on back right from where we're at right now and if it makes a full recovery, do you expect amazon going anywhere? No, it's like the world is still going around. These businesses are still doing really well.

The market is simply reacting as in these publicly traded companies are just reacting to what is going on and why? What might affect them for the short term? A lot of these companies borrow money. So, therefore, if interest rates go up, it's going to be a little bit more expensive. It's going to eat up into their margin, that's why they react the way that they do but again understand the big picture. If your intention is not to day trade, worried worry about those day trading concerns for us intraday traders right, but if you're a swing trader, if you're a long-term investor, i i want to reassure you that it's, like you know, think big think big picture.

You don't have to make impulsive decisions or panic sell at the first news, article of oh, my god, they're raising interest rates markets are going to crash. It's good to take that into consideration to digest it, but to also ask yourself: what's your intention, if you don't plan to sell anytime soon, then again, i would load up on these deals. Can they get worse? Of course it can definitely get worse right, but can they get better? Of course right i mean these companies are are thriving and, yes, they are being negatively affected in some form of way, but it's not detrimental to the overall company. So one thing that i did want to quickly talk about are oil prices.

So when asking the question what is going up when the market is going down right now right now, oil prices are killing it. I checked out the united states oil fund. It's been very popular lately and this is on the overall day trial. I'm actually going to pull it up here.

Let me see if i can here we go so on the data. We can see that it's very, very bullish, very, very overbought. I don't know if i would encourage anyone to swing trade, something like this. If you want to take on that risk, that's up to you, but even intraday.

On the one day one minute chart i mean on the day alone, they gained up six percent intraday and another one percent after market hours. Think about that i mean that's a great intraday potential right oil right now after market hours, crude oil wti they're all up they're in the green they're in the money. So if you're asking the question, what is bullish right now as the market is kind of choppy, oil is bullish right now it's overbought, but it's definitely bullish so make sure you take that into consideration. One of the last things i quickly want to talk about is the nasdaq market is down half of a percent, almost half a percent.

That means if the nasdaq market were to open up right now, tqqq would be down about 1.5 percent. Sqq would be up about 1.5 percent, so please understand that correlation. It's something that i'm very excited to talk about within our live trading session uh tomorrow at market open and i'd love to have you join us so again, if you guys want to be able to watch me trade live. I trade live every single morning at market open exclusive to my learn plan profit group.

If you want to learn a little bit more about it, you don't have to, but if you want to learn more about it to see if it's a good fit for you click the second link in the description and see if the learn plan profit group is A good fit for you, like always continue working hard to continue following dreams. Let your passion be out drafting your success. I hope that you guys appreciate this live stock market update, hope that you can consider dropping the thumbs up, subscribing to the channel and, of course, end of the year. On a green note, take it easy team.

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