Market Poised To Grind Higher

April 1, 2024
Author: Peter Stolcers, Founder of OneOption

The market rallied after a hawkish FOMC statement and it has digested those gains. It is poised to move higher in the next two weeks.

PRE-OPEN MARKET COMMENTS MONDAY - Asset Managers have been waiting for a dip and they have not gotten one. Their last hope was a bearish reaction to a hawkish Fed statement. The comments indicated "higher for longer", but the market rallied after the release. I believe this is because Asset Managers are still fairly aggressive. When they did not get the dip, they did not want to miss the next leg higher.

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