📈 Fed Day - Will Powell Crash The Markets?

Here's what is happening in the markets today, Wednesday, November 1st

- Stocks higher ahead of Fed Meeting

- Today: Fed Meeting and Powell’s Press Conference

- VIX (Fear Gauge) dropped to 18, below the long-term average of roughly 20

- Earnings: Caterpillar (CAT) dipped by more than 6% and JetBlue (JBLU) fell more than 10% to 12-year low

- More Earnings: Yum China Holdings (YUM) plunges 9% after revenue miss and Tinder parent Match Group (MTCH) falls 6.9% on disappointing revenue guidance for the fourth quarter

- Wayfair (W) down 14% after reporting weak demand

- Year-end rally? November has historically been a good month

PLUS: How we trade these markets and our current positions

This wraps up today's stock market news.

If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast.

And for more stock market news, visit our YouTube Channel: https://youtube.com/rockwelltrading2008

#todaysstockmarket #stockmarkettoday #stockmarket