Nasdaq 100 IndexEducation
Jerome Powell Effect "FOMC"
For many there is a question:
What did happen yesterday?
THE answer is, FOMC or what I like to call the Jerome Powell effect!
Some newbies think it is just Elon Musk that could move the market with his words, and that is not just true!
While the total cryptocurrency market cap is 2.25 trillion dollars (much lower than Apple with 2.94 or Microsoft 2.5 trillion market cap), The total market capitalization of the U.S. stock market is currently $48.5 trillion dollars (9/30/2021).
No need to say the US stock market is 22 times bigger than the crypto market and the daily dollar value of trades is also 25-50 times bigger than the crypto market!
Big money Listen to Jerome Powell..!
What is the FOMC meeting?
The Federal Reserve is in charge of monetary policy for the U.S., and the Federal Open Market Committee (FOMC) is the committee that decides how to manage monetary policy. The FOMC meets eight times a year to debate interest rates, and vote on policies.
Having said that, you can see the volatility of the market increase around FOMC and it could cause a lot of surprises!
But if you're ready for such events that increase market volatility you can benefit from it a lot..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
What did happen yesterday?
THE answer is, FOMC or what I like to call the Jerome Powell effect!
Some newbies think it is just Elon Musk that could move the market with his words, and that is not just true!
While the total cryptocurrency market cap is 2.25 trillion dollars (much lower than Apple with 2.94 or Microsoft 2.5 trillion market cap), The total market capitalization of the U.S. stock market is currently $48.5 trillion dollars (9/30/2021).
No need to say the US stock market is 22 times bigger than the crypto market and the daily dollar value of trades is also 25-50 times bigger than the crypto market!
Big money Listen to Jerome Powell..!
What is the FOMC meeting?
The Federal Reserve is in charge of monetary policy for the U.S., and the Federal Open Market Committee (FOMC) is the committee that decides how to manage monetary policy. The FOMC meets eight times a year to debate interest rates, and vote on policies.
Having said that, you can see the volatility of the market increase around FOMC and it could cause a lot of surprises!
But if you're ready for such events that increase market volatility you can benefit from it a lot..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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