FOMC Week
The 50bps Rate Cut Jawbone
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Last two weeks:
It was a tough first week of September for me, but I caught my moves last week and am more or less breakeven (the last 3 weeks) in this old challenge account account while the big portfolio sits in those IWM Jan 260c from X twitter post.
2nd Challenge Account: 3k to $1,650 (down from 5.7k portfolio high)
(first one was $6k to $270k in less than a year)
I added some cash to this again for some added momentum on current swing trades. I like to slowly add cash injections until the account has a value over $10k from profits and initial cash. No matter what people say, these challenge accounts are tough and I am using a more moderate risk strategy than aggressive. Even with a moderate strategy, I got hit pretty hard the last month or so. It happens sometimes.
Relevant Topics, News, and Data: Month of September (Quarter End Sept. 30th)
Third Week: 16th-20th
Tuesday: Retail Sales
Wednesday: Vixperation
Wednesday: FOMC
Wednesday: Trump Sentencing
Thursday: BOJ Interest Rate Decision (at night)
Thoughts:
Another week of big events as the election season continues to product head-fakes and volatility.
I am keeping my thoughts for this week in the paid section below.
I will say that I will keep an eye on China. Now that the Fed is about to start easing, XI will be more interested to start a true stimulus program for the struggling multi year recessionary country. You can imagine what that fiat printing will do for certain assets…
FYI it never hurts to sit out on weeks like this one.