Market is waiting for the Fed meeting?

Today is the first meeting under the new Fed Chair. The market expects rates to stay unchanged, even though Trump nominated Warsh with the idea of pushing rates lower.

The main question is the tone around future decisions. And this is where surprises are possible. Given the current macro backdrop, some experts still allow for more hawkish rhetoric, including the possibility of another hike later this year. Markets would likely not take that well.

As for the market itself, BTC failed to hold $66K and slipped below $65K. Maybe some larger players decided to reduce risk ahead of the Fed meeting.

Still, that did not stop us from catching our setups in Alpha yesterday - both in the market on SPX and in the degen play on SPACEMOON.

Now we wait for the Fed decision and watch how the market reacts.
#fedmeeting #spx
$SPX $SPCX