😏 What the Fed Learned About Trying to Please Everyone All the Time 😏

Good morning. Yesterday's Federal Reserve meeting minutes kept interest rates at 0 percent..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. Yesterday's Federal Reserve meeting minutes kept interest rates at 0 percent, as expected. And the Fed isn't ready to taper its asset purchases (money printing) anytime soon. But in trying to please everyone, the central bank sometimes ends up pleasing no one. The central bank made a big revision in its inflation estimates, from 2.4 percent to 3.4 percent. While calling higher inflation "transitory," the market isn't so sure. And, after the March meeting indicated no potential for an interest rate hike until 2024, there's now an increasing possibility of a rate hike in 2023. The only real accomplishment? The Fed managed to cause markets to have one of their biggest moves in weeks. Instead of mostly flat trading, stocks saw a big selloff. It just goes to show… you can't please everyone all the time. Now here's the rest of the news: Sponsored Content The Best Way to Trade Is When You Can "Win Both Ways"... I target most Win-Both-Ways Trades for around $3... I spot exactly when to place the trade... and BOOM! You can win big whether a stock goes up... OR down. Some profits hit within 24 hours. See how to "Win Both Ways"! MARKETS DOW 34,034.86 -0.77% S&P 4,223.75 -0.54% NASDAQ 14,039.68 -0.24% *As of market close • Stocks traded down on Wednesday, following the Federal Reserve's latest meeting. • Oil declined 0.3 percent, closing at $71.89 per barrel. • Gold dropped 1.3 percent, hitting $1,833 per ounce. • Cryptocurrencies generally traded down, with Bitcoin last at $36,637. Today's TOP TIPS Strong Operational Performance Trumps Weak Guidance and Creates Buying Opportunity One lingering effect of the pandemic has been weak guidance from companies when reporting earnings. Many are still deferring from making forward-looking statements at all, and the market prefers to hear a rosy picture. Without it, a company may even sell off when it reports solid earnings. Case in point? Oracle (ORCL). The tech giant saw triple-digit growth in its cloud infrastructure business, yet provided weak guidance, leading to a drop in shares. » FULL STORY Insider Trading Report: New York Community Bancorp (NYCB) Lawrence Savarese, a director at New York Community Bancorp (NYCB), recently picked up 20,000 shares. The buy increased his stake by nearly 17 percent, and came to a total purchase price of just over $231,000. That follows on a 17,700 share buy from earlier in the month, as well as a 5,000 share buy back in February. Other directors have also been buyers in the past year, but no company executives. On the plus side, there have been no insider sales in the past three years. » FULL STORY Unusual Options Activity: Advanced Micro Devices (AMD) Shares of chipmaking firm Advanced Micro Devices (AMD) have been rangebound between $75 and $85 over the past few months. One trader sees a bigger move higher in the coming weeks. That's based on the July 30 $95 calls. With 43 days until expiration, over 5,170 contracts traded against a prior open interest of 252, for a 21-fold rise in volume. The buyer of the calls paid $0.54. » FULL STORY IN OTHER NEWS • Housing Market Short 5.5 Million Units New housing construction has fallen behind a total of 5.5 million units, a new study finds. From 2001 to 2020, 1.225 million new units were built on average each year, a drop of the 1.5 million units created from 1968 to 2000. While the housing crisis also slowed construction activity in the past year, demand is back following the pandemic. • China Moves to Slow Commodity Rally China has announced plans to release reserves of some industrial metals that it stockpiles. That includes copper, zinc, and aluminum, among others. The metals will move to state manufacturing and processing companies. By releasing reserves, China is signaling that prices are too high, and that it will likely slow its international buying until prices come back down. • Apple Showcases Health Features Apple (AAPL) started its first health and wellness app, Health, in 2014. Since then, it's added new features, and has now had a makeover with the latest iOS update. Improved features include a heart rate alert notification, walking steadiness and fall detection, and others. • Southwest Airlines Cancels Flights on Technical Issues Southwest Airlines (LUV) cancelled over 500 flights on Tuesday and another 260 on Wednesday, on a series of technical glitches. Tuesday's cancellations were impacted by third-party weather systems. Like the rest of the sector, the company is dealing with a surge in customers and still remains staffed at pandemic-era levels. • MacKenzie Scott Gives Away $2.74 Billion MacKenzie Scott has donated $2.74 billion to organizations focusing on the arts and racial discrimination. The donations leaves Scott with a net worth of $59 billion, largely from holdings of Amazon (AMZN), which she owned via her prior marriage to company founder Jeff Bezos. S&P 500 MOVERS TOP ENPH 4.899% OXY 4.589% MAX 4.035% CNC 3.743% SIVB 3.059% BOTTOM ORCL 5.586% TTWO 3.891% OGN 3.49% SNA 3.215% C 3.197% Quote of the Day On a one-year basis, inflation is indeed high. On a two-year basis, which captures the downturn and the upturn, inflation is still in the normal range over the past decade. The one-year numbers are simply misleading ... When you dig in, on time frame and components, inflation is not nearly as bad as the headline numbers suggest. - Brad McMillan, chief investment officer at Commonwealth Financial Network, on why inflation numbers look reasonable over a longer-term perspective, and why the Federal Reserve will likely continue to keep an accommodative policy. Sponsored Content The Best Way to Trade Is When You Can "Win Both Ways"... I target most Win-Both-Ways Trades for around $3... I spot exactly when to place the trade... and BOOM! You can win big whether a stock goes up... OR down. Some profits hit within 24 hours. See how to "Win Both Ways"! Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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