So here are five things that you should know about today's FC Meeting what's going on Team: it's Ricky with Tbut Solutions I Really hope that you guys learn something new and if you do, please consider dropping a thumbs up and subscribing if you feel like I earned it I Do want to also remind you that tomorrow we do have Apple Amazon and Meta that's going to be reporting earnings. Let me go ahead and share that with you. so we have Amazon Apple Meta all reporting earnings after the market closes Thursday which is going to be February 1st I will or at least I do plan to host a free live stream. but all I literally ask you to do is again get this video to over 1,000 likes and make sure that you subscribe to the YouTube channel.

You do have to turn on that post notification Bell which is the little bell next to the Subscribe button. so YouTube actually notifies you when it is that I Go Live! It's going to be at 2 p.m. Arizona time or 400 p.m. Eastern Standard time.

or if you're in the west coast like California I believe that's going to be 100 PM California time I Know it's confusing. um, but just want to make sure that you're aware whenever the market closes. I Plan to go live. Just get this video to over a thousand likes.

Let's go ahead and jump right into it. I Want to be short and sweet I Think what we saw today might have been an overreaction I'm excited I Love moments like this where Market might have overreacted on the downside because now you guys saw during today's live stream right? if you guys didn't see I live streamed the F C meeting I shorted coin and I showed you I made over $122,000 live in front of all of you guys as I as coin sold off I played it safe I locked in profits but now that markets have pulled on back a little bit, it's really interesting to see. um that you know are we going to find a support here? our markets naturally going to bounce back I think a lot of that um might be based off of how Amazon Apple and Meta report earnings. so I like I' like to see how the Market opens as of right now NASDAQ futures are already in the green which is a great sign for the NASDAQ Market because if Tqqq were open right now, it would be up about 1.2% which is kind of what we saw during the extended hours.

I Want to see if this goes into the market open? Uh, just because of that pullback. but what was shared today and why did the market sell off? So there are five things I'm going to be sharing with you, but there's one very specific thing that once it was announced, we saw more selling pressure. Let's keep it short and sweet. So the first thing is the verdict for the Fomc was that today during the Fomc meeting, the Federal Reserve decided to pause interest rates.

They did not raise interest rates. They didn't drop interest rates or cut interest rates. They paused meaning that they kept it at the same 23-year high when it comes down to interest rates. A quick little summary: Why are interest rates important again for people like you? and I if interest rates are high, it makes it more expensive for us to borrow money.

The Federal Reserve was Raising interest rates so it's more expensive for people like you and I to borrow money and businesses to borrow money to slow down the economy because inflation was too high. But again, that's getting a little bit too into it. So the Federal Reserve mandated uh for rate cuts and has a dual mandate. So this was something that was rather unique.

This dual mandate what it is that it covered is that they they plan to focus on keeping both inflation and unemployment low. Do you guys remember where they wanted unemployment to kind of go up? They wanted the unemployment rate to originally rise and they wanted inflation to originally drop. Now they want to focus on both keeping unemployment low and also rates low or I'm sorry, inflation low. So I Think that's uh, something interesting to at least highlight.

This is the most important part. This is when I really began to see the market shift. So if we look at the one minute time frame, um, you could see that originally the market began to go up once. Jerome Pal began to speak.

it's during his speech Market naturally gapped up again. feel free to watch today's live stream. You can watch it on my YouTube channel. go under live and you'll see the most recent one it says fomc uh meeting live stream But then quickly we began to uh, change direction and then we saw a lot of selling pressure that went into the close.

What was said, the big focus is because we are at a 23-year high for our interest rates. I Want you to understand this: We are expecting that the Federal Reserve is going to be cutting interest rates soon. That's been the big Focus for 2024 because the big Focus for 2023 was that we were increasing interest rates. Now we wanted to make it more affordable, right? We want interest rates as a whole to go down, so this is what the market wants.

This is what we're all waiting for, but they said no rate Cuts in March At least that is the sentiment and what currently got factored in. Once this was announced, the question by one of the reporters or one of the analysts was can we expect a rate cut as soon as March and the simple answer was no I Don't think that it's likely that the committee will reach uh, any level of confidence By the time of the March meeting I thought that was the biggest takeaway. So when asking for why did the market sell off, it's just we're not seeing a rate cut as soon as maybe the market might have expected. um, it says officials in favor of rate Cuts That's just saying that's pretty much just covering that.

Yeah, most of the people that are part of the Federal Reserve all agreed that yes, there are rate Cuts coming in 2024, just not as soon as March Um and then lending rate lending rate is at its peak. the US Central Bank uh benching lending rate has uh, probably reached its peak. Pal said we believe that our policy is likely to reach its peak for this tightening cycle and that the economy evolves broadly as expected. So again, nothing too specific or too important.

The biggest thing is that the Federal Reserve paused and I would say the second biggest thing would have to be that as soon as March we cannot or most likely will not based off of current economic data, support the case of a rate cut. Now this can change because they are taking things meeting by meeting and this is something that he said where again. if economic data continues to support the case of low inflation and low unemployment, then yeah, um, you know they they can maybe support the idea of uh, uh, rate cut sooner than later. So something that we can uh, bring back uh into the conversation as we get closer to March with the you know CPI data Report with all the different job reports that might be released.

but I wanted to make sure that you had an understanding of what it was that was said that caused maybe a little bit more fear and more selling pressure um and ended putting the market in the red right? So other than that, I wanted to leave you guys with a simple little message before you guys head to bed and this is by a quick little book. Um, it's literally just a little snippet. uh I Shared it with my Lpp team uh during today's live and it says it's very simple It says success is as dangerous as failure hope is as Hollow as fear and it gets a little bit more into it says um, what does it mean that success is as dangerous as failure Whether you go up the ladder or down it, your position is shaky. so when you stand with your two feet on the ground, you will always keep your balance.

So again, it just puts things into perspective. that um, the the way that I interpret that is that at the end of it both are dangerous whether you succeed or whether you fail. So why not take the leap and at least put yourself in a position where if you succeed, obviously the fruits of your labor um, are most likely going to be uh, filled with a life worth living. So um, let me know in the comment section what it is that you think about that.

but again I Hope to see you for tomorrow's live trading session. If you you guys haven't tuned on in and you want the ability to watch me trade live I Trade Live every single morning right at Market Open for about 30 minutes to an hour, you get to see every entry, every exit, every trade I take. But most importantly, you get to hear the thought process behind every trade before and even after you get to see my good trades. you get to see my bad trades.

And you also get access to our A2Z video Lesson Library that's designed for complete beginners. And if you're tired of making the same mistakes over and over again and you finally want to start 202, four off strong again I'd love to invite you to our 50% off discount. This is the biggest discount that we offer and yes, it's a onetime payment lifetime access. and it's the second link in the description down below.

So a little heads up. if you sign up by tonight, you can watch me trade live as soon as tomorrow when the Market opens. So again, if you have any questions before signing up, shoot me a DM via Discord or via Instagram And that's the first or third link in the description down below. And don't forget I Use the Weeble trading application.

They have a sign up bonus going on right now. If you use my link which is the fifth Link in the description down below, you'll earn up to 12 free shares. especially if you're tired of your old and outdated trading brokerage. You can have more than one.

and what better way to take advantage of this is you can sign up. Just make sure you have an initial deposit of just five bucks and you'll earn up to 12 free shares. I Appreciate your time, Hope that ear your thumbs up! I'll see you in tomorrow's Live and Like always that's make sure that we end the year under Agre No Take Care Team.