On this week’s edition of Moxie Indicator Minutes, TG shares that the FOMC was wild as expected, and, with another 75 BPS rate raise, the market responded in a bearish way. For now, the downside has been the correct direction, but there are indications that fuel for a short squeeze is building. It won’t matter till it matters, but it’s something worth noting.
This video was originally broadcast on September 23, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!