6/23T2:18

Market Comments: Fed. meeting 24th / 25th

- We expect the Fed will be verbally strong on the need to fight inflation but will also reduce the likelihood of a rate hike anytime soon.
- The above stance will be bullish for gold and commodities in general / bearish for the US$. however the manipulators will do their best to hit gold before and even perhaps on the day of the statement to throw everyone off the scent.
- Long bond probably goes down on the news pushing long rates higher. This is of course counter intuitive
- Financial stocks have been killed heading into this meeting and will likely rally after as a perceived dovish stance will cause nervous shorts to cover. This short term rally should be used to add to shorts in this space as the problems continue to get worse.

The markets (QQQQ, SPY, DIA) are still in the middle of a daily sell signal, so any new positions should be from the short side. Rallies in the market should be viewed with a high degree of scepticism