So was the CPI data report today also known as the Inflation Report a bust. What's going on guys? It's Ricky Here we talk about Solutions tomorrow the big day FMC Meeting 2 pm eastern time I will be live streaming it for free if you want to make sure that you don't miss it and you want me to send you the link. I Just want to let you guys know first link in the description down below. you can sign up it is free.

This just ensures that we send you the link before we actually go live without further. Ado Let me go ahead and start sharing my screen so we could break down exactly what happened today. I Don't know if I'm the only one that feels this way, but all the action happened pre-market I Don't know if you guys tuned on into our CPI data report live stream which was one hour before the market opened, but this is why we make these announcements. Just like tomorrow, we're going to be going live during the FMC meeting.

It's to catch Market's reaction to the significant, either economic reports or just reports in general. Right tomorrow, the Federal Reserve is going to announce if they're going to raise, cut or pause interest rates. Today was the inflation report that reported on the month of May and it showed that inflation was actually overall going down quicker than expected. Expectation was 4.1 percent, Inflation came in at 4.1 Uh, Four percent.

Uh. The only iffy part about this inflation report was core inflation. Core inflation had an expectation of 5.3 and we came in as expected. Again, with the Federal Reserve having an expectation a target of two percent.

Um, you guys could see that from pre-market to where we peaked at during that, uh, pre-market session 39.80 for QQ for Tqq for QQQ you can see from overall lowest overall highs 364.60 If I'm not mistaken, that has to be 52 week highs. Yep, 52-week high is 360 460. And when looking at it on the five minute time frame from the time when the market actually opened to where the market actually closed, it was literally almost a break even day. To me, that's kind of just like a if you're not someone that understands again, uh, the the uh volatility within the market.

and if you ended up buying the lows and selling the highs, yeah, there was money to be made there. but from start to finish on the day, um, it was kind of a break even day it wasn't I like the most significant day and I think a lot of that was because of what happened yesterday. Uh, yesterday was a very bullish day and it seems like yesterday the market kind of got ahead of itself as it normally does where it begins to factor in in advance. Uh, a better than expected CPI data report and I think that that's exactly what we saw yesterday when the market gapped up 1.6 but today the market only gapped up 0.77 Nonetheless, it's still a very Green Day markets at 52-week highs and we will have to see if it continues.

This rally tomorrow is one of the most significant days for the month of June for 2023 and that is if this is going to be the first time in the past 12 months that the Federal Reserve actually pauses rate hikes. I Wanted to show you guys this very quickly and I wanted to update. Uh, update it for you guys in real time so as long as it stays up to date. Yep, as of right now there is an 88 Point Uh, there it goes.

Oh, it actually changed 90.8 probability according to this Fed rate monitor tool that the Federal Reserve is going to pause rate hikes by tomorrow. There is a 9.2 percent probability that the Federal Reserve will raise interest rates a quarter basis points I Wanted to ask you guys what you think. One of the things that I love to preach is. again, our job is not to predict the future.

Our job is simply to prepare to react right I would rather be late to a rally than early to a sell-off. You let me know what you think. There's 21 hours left again. I will be live streaming that Fomc meeting and remember if you want to save your spot, it is free.

That's the first link in the description down below, but it really comes down to tomorrow. Tomorrow Will pretty much determine this potential pivot that we've been talking about for the past two to three months, right? It's been expected that the Federal Reserve should be slowing down and potentially pausing and tomorrow will be the day. The last thing that I want to share with you again. this video is going to be super short and straight to the point.

Right now, the market has gapped up just like it did yesterday. Yesterday's the really big day and a little bit today, right? It's not a not a red day, but it wasn't a very significant day. The market has already factored in a better than expected inflation report, and because of that, you can see based off of that Fed rate tool that they have a 90 probability that the Federal Reserve will pause rates. Now what happens if they don't? What happens if the Federal Reserve stays the course and they continue to raise rates even a quarter of a basis point? How do you think the market will react right? That is the what if right That is kind of like the devil's advocate of like just understanding that nothing is 100 accurate.

And even though that there's a 90 probability that the Federal Reserve is expected to pause I think it's going to be very interesting to see. not only when they announced the rate hike but what? Jerome Powell says 30 minutes after Because if those for those that have never tuned on in, they announced the rate hike. at 2 pm Eastern time and then at 2 30? PM Jerome Powell Speaks on the behalf of the Federal Reserve and answers some questions. There's a script that he pretty much covers in the very beginning, but then he begins to answer reporters questions and that's when it gets very interesting.

We often see the market react One Way during the report, but then during the meeting and when he actually begins to speak and answer questions, we can see a lot of volatility based off of the way that answers questions. So again, if you want to catch this in real time, I'm going to be live streaming it for free and all you have to do is save your spot which is the first link down below. So if you have any questions, feel free to shoot me a direct message via Discord or via Instagram. All of that is linked in the description.

Congratulations to all of the Bulls out there. It was somewhat of a break-even day for those that started trading at Market open to the way that the market actually closed, but we'll see how the Market opens up tomorrow and remember it's at 2 pm Eastern Time or 11 A.M Arizona time which is where I'm going to be at I Appreciate your time. Hope that weren't a thumbs up If you have any questions you know how to reach out. If not, I'll see you tomorrow for the FMC meeting.

Take Care Team.