Paid Daily · Resources · Ask Plutus
Stocks Jumped Before the Fed. Is It Last Week All Over Again?
NowPress play to follow along0:00 / 15:20
Chapters14 segments · tap to seek
ticker lesson
Breakdown
0:11lesson
Markets bouncing ahead of event risk
- Markets bouncing as event risk approaches
- Assessing if bounce is meaningful or positioning
- S&P 500 following similar playbook as last week
- Earnings batch released, no major sentiment shift
- Lower highs and lower lows continue trend
2:30S&P 500· ticker
S&P 500 short positions
- Short positions through put verticals
- Re-testing top side of range
- Rejection and close through recent bottoms
- Forest of support levels under market
- Bounce but lower highs and lower lows
4:45NASDAQ· ticker
NASDAQ retesting range top
- Retesting top side of range
- Rejection and close through recent bottoms
- Forest of support levels under market
- Bounce but lower highs and lower lows
6:59Russell· ticker
Russell short positions
- Short through put verticals since Jackson Hole
- Initial trade down, worked well
- Break slightly higher today
- Back to initial trade bottom
- Potential correction through 2850-2900
9:33Precious Metals· ticker
Precious metals retesting support
- Retesting former support turned resistance
- Gold and silver anchoring
- Waiting for event risk to resolve
- Euro looking worse for wear
- Pound pullback but major line untested
12:12USD· ticker
USD finding support against EUR
- USD finding support against European currencies
- Euro looking worse for wear
- Pound pullback but major line untested
- Aussie and Canadian dollar holding up
- Still above recent stair step
14:35Crude Oil· ticker
Crude oil testing price levels
- Crude oil trying to find a place
- Opportunity to buy
- Pricing still fuzzy
- Potential to add to long position
14:36Bitcoin· ticker
Bitcoin showing consolidation
- Bitcoin holding low, trying to bounce
- Treating as consolidation in move higher
- Looking for next jolt to top side
- Holding critical barriers
14:37lesson
Event risk and economic data
- Event risk likely to determine market outcome
- Consumer confidence data showed slight pickup
- Australian inflation to be released
- Fed policy expected to hold fire
- 90.6% chance of no hike, 90% chance of December hike
14:38lesson
Fed policy and market expectations
- Fed and markets agree on hikes this year
- Policy officials expect no action in 2027
- Markets expect two more hikes in 2024
- Atlanta Fed GDP model shows 3.4% growth
- Expectation of 3.2% for third quarter
14:39lesson
Earnings season and market behavior
- Earnings season pacing with expectations
- 29% earnings growth for S&P 500
- Markets questioning AI narrative
- Profit taking due to low delta between results and expectations
- Potential liquidation of risk exposure
14:40Gold· ticker
Gold long position
- Long gold
- Short dollar against currencies
- Aussie, pound, euro, Canadian dollar
- Short silver
- Long EWZ, EWW, FEZ
14:41Bitcoin· ticker
Bitcoin long position
- Long Bitcoin through IBIT call vertical
- Short NASDAQ and S&P through put spreads
- Long bonds through call spreads
- Long oil through call spreads
- Short biotech through XBI put vertical
14:42lesson
Positioning and market outlook
- Positioning long gold, short dollar
- Long EWZ, EWW, FEZ
- Long Bitcoin through IBIT call vertical
- Short NASDAQ and S&P through put spreads
- Long bonds through call spreads
Informational only — this is tastylive’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.