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SPY Slightly Bearish Headed Into FOMC
The markets are slightly red today as we approach an important FOMC decision tomorrow. I think we are likely to see some sideways price action until the Fed decision. There is a 99%+ chance of another pause, but investors will pay close attention to the Fed’s future guidance tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreEli Lilly (LLY) Weight-Loss Drug Surpasses Expectations
Eli Lilly is experiencing a significant surge following its latest earnings report, which highlighted the impressive performance of its weight-loss drug, Zepbound. On Tuesday, the company’s stock price climbed over 4% to $771.25, reflecting investor enthusiasm for its recent achievements. Zepbound’s sales for the March quarter reached an impressive $517.4 million, surpassing Wall Street’s expectations […]Read More
FOMC’s May Interest Rate Meeting
The Federal Open Market Committee (FOMC) is set to commence its two-day meeting this Tuesday, with a pivotal decision on interest rates expected on Wednesday. Notably, this meeting will not feature an update to the Summary of Economic Projections, commonly known as the “dot plot.” Market participants largely anticipate that the outcome of this meeting […]Read More