CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024. Fed meeting today at 2pm. FOMC MEETING! Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring. Why is the stock market dropping after hours? Snapchat just reported bad guidance for q2! Inflation decelerates slightly from 40-year high as CPI rises 8.3% in April.
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Hey: what's going on team, it's ricky with tackle solutions, a quick little overall market update. I hope that you learned something new and if you do, i hope that we earn your thumbs up, so the overall market did really well today, uh the fomc, the feds released their minutes um, and this is pretty much just the follow up uh with the meeting That they have in the very beginning of the month - and this happens every single month, where uh it's pretty much a follow-up just for overall guidance, making sure nothing has changed. Nothing worse than expected was shared, and because of that we saw the market react in a very bullish way. We hit overall highs of 28.50 and, if you're part of my learn plan profit group, i showed you and talked about locking in profits and reducing position size as we were approaching 28.50 a share.

The really great thing about that is. I was able to lock in profits. If you guys follow me on instagram. You guys saw that i went from you know.

I had over 10 000 shares and i reduced my position size to just 8 000 shares, and thankfully i did because shortly after it ended up pulling on back now. Why is it that, after market hours, the nasdaq fell 1.25? What is causing this selling pressure? Did it come out of nowhere? Well, no, and you guys can again, please do some due diligence. It's nvidia the video reported earnings today, and it was worse than expected when it comes down to its overall guidance. Yes, worse than expected, uh in the overall big picture based off of where the market opened at and where it's it closed at after market hours, it's honestly not too significant.

It had a pretty solid day, five percent on the day down 6.85. I just want you guys to be aware of the why i hate when people copy other people and have no understanding of what's going on with the market. My job here, not only with our learn plan, profit group, but yes, even on youtube, is to make you aware of what's going on, why the market's going up and why the market's going down the? Why to to understand the market sentiment. Now with that being said, what is something that we can begin to prepare for? Well, if you guys were unaware, the gdp report is released tomorrow, may 26 at 8 30 a.m.

To my understanding, that's that's eastern time. Normally, these are all done eastern time and you just want to be prepared right. So this is why we talked about reducing position size based off of how the market can react. The gdp report is something that does and sometimes can influence the overall market.

That is going to be at 8 30 a.m. So, if you're part of my learn plan profit group right when it gets released i'll make sure that i um share it with you all in the announcement section of our private discord group. If you're not part of our learn plan, profit group uh, nonetheless, you guys can use google and and find the report once it is released. This should be one hour before the market is open, so by the time the market opens, the market should have already reacted.
Either in a bullish or bearish way, so if you see that we're either up or down a significant amount, i don't want you to be asking the question: well, what was just released? You should be aware that the gdp report will be released and, yes, this is released on a monthly basis. So this happens every single month again just wanted to provide you with a quick overall update on this, and i'm very excited to see what the market has to show tomorrow friendly reminder. Tomorrow, thursday, we are going to be having an in-person session at our tech buds. Hq everyone is welcomed, especially if you're part of our learn plan.

Prof group, all i literally ask you to do is if you want to go to our in-person session, i don't charge for this uh just make sure you message me via discord to ask for the location and reserve your spot. Second, make sure that if you're, absolutely new to trading and you're just getting started, the first link in the description is our free discord. Group join and anytime that you have any questions. You can ask other local traders within that discord group, or you can message me privately if you guys have any specific questions about joining our learn plan, profit team and you want to learn more about it.

That's going to be that third link in the description. This is our learn: plan, profit, 2.0, lesson, library, it's all inclusive. It's a one-time payment. You get access to the a2z video lesson, library, the daily live trading sessions.

Yes, the daily private uh group chat and, yes, you get access to the um tech buds hq. Also. I do want to make you guys aware that you guys absolutely killed it in today's video. We live streamed the market's reaction to the fed minutes, and i asked you: what do you like me to go live friday for our free live trading session? That video is almost at 1 000 likes, so it looks like we will be hosting that free live trading session on friday at market open.

How is it that you can tune on in subscribe to the channel and turn on your post notifications? We go live at market open, so if you want to be alerted when i go live, all you literally have to do is subscribe to the channel, and you see that little bell next to the subscribe button turn it on. It will alert you when it when it is that i go live, there's no special email sequence. I'm going to be sending out, i'm not going to ask you to sign up for anything turn on your post notifications and get alerted when it is that i go live other than that i'll see. All of you learn plan profit traders tomorrow at market open for our private live trading session.

Like always, let's make sure that we in the year on a green now take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

16 thoughts on “The gdp report gets released tomorrow! market crash update”
  1. Avataaar/Circle Created with python_avatars Brandon G says:

    monthly gdp? nice… I'm balls deep in puts ๐Ÿ˜‚

  2. Avataaar/Circle Created with python_avatars Sun Light says:

    More pain ahead. Stock market completely lost itโ€™s credibility.

  3. Avataaar/Circle Created with python_avatars SoCoolCarter says:

    THE WHY IS THE MOST IMPORTANT PART, KEEP THE CONTENT COMING!

  4. Avataaar/Circle Created with python_avatars M says:

    We so excited

  5. Avataaar/Circle Created with python_avatars vik Boss says:

    GME!!!

  6. Avataaar/Circle Created with python_avatars JOE BITNER says:

    Man your titles are click bate lol.

  7. Avataaar/Circle Created with python_avatars Tylo says:

    Thank you Ricky

  8. Avataaar/Circle Created with python_avatars Andrei Costin says:

    My life has totally changed since I started an investment of $5,000 and now earning over $17,200 every 14 days.

  9. Avataaar/Circle Created with python_avatars August Oliver says:

    Be carefulโ€ฆ a new COVID wave is afoot and your little one hasnโ€™t received the COVID vaccine.

  10. Avataaar/Circle Created with python_avatars DC5Angelo says:

    Market is def going to dump by Friday. Nothing positive with this administration. Not anytime soon

  11. Avataaar/Circle Created with python_avatars Maryam Moussavi says:

    Thank you Ricky for your video!

  12. Avataaar/Circle Created with python_avatars James Norman says:

    Traders are still earning while investors are holding.
    Learn to trade, i'm presently making $3,200 per week on my portfolio..

  13. Avataaar/Circle Created with python_avatars Monica hilton says:

    <<The constant depreciation is alarming yet i still hear people saying they are making multiple figures from crypto weekly any idea on how they do it will be appreciated.

  14. Avataaar/Circle Created with python_avatars Gary Shergill says:

    Yesss can't wait to get a feel for your Live trading session. Then accordingly will be joining LPP 2.0. Excited about this Live. Thanks bro @Ricky

  15. Avataaar/Circle Created with python_avatars JayyySavage6 says:

    Love the content ๐Ÿ’ฏ๐Ÿคž๐Ÿผ๐Ÿ†letโ€™s get it

  16. Avataaar/Circle Created with python_avatars Kevin Olsson says:

    Thank you for your time โœŒ๏ธ

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