Movers and shakers!

By John Thorpe, Senior Broker

What a reversal!  After yesterday’s huge tech sell off initiated by a realization that a new AI app uses cheaper chips, The AI challenge from China shook the trading consciousness to the very roots of the U.S. AI talking points/ narrative. If true, what a breath of fresh air, think about it, the barriers to entry for innovation have been lowered 10 fold or more!, More competition in the A.I. zeitgeist is critical to reaching innovative success. 

Tomorrow is FED Rate decision day, followed by Chairman Powell’s presser at 1PM CDT and 1:30 PM CDT respectively.

According to CME’s FEDWATCH tool , expectations are for no change from the current 4.25-4.50 fed funds rate, the rate charged to borrowing banks. Higher inflation, leads to higher Bond yields, Higher Yields lead to lower bond prices, and greater hesitancy by the FED to lower rates anytime soon.

Watch out for post cash close Earnings tomorrow and a number of other events .

Tomorrow’s Movers and Shakers:

7:30 AM CST Goods Trade Balance and Retail/Wholesale inventories.

1:00 PM CDT Fed Rate Decision

1:00 PM CDT Fed Press Conference 

Earnings: 

Pre-Open Alibaba, MSFT, META, TSLA, IBM all after the cash close.

Daily Levels for Jan. 29th 2025

Economic Reports 

provided by:ForexFactory.com 

All times are Eastern Time ( New York)

US Dollar Index Outlook ahead of FOMC:

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