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A Nothing Day While We Wait For The Fed (Technically Speaking For 5/3)

May 03, 2022 5:36 PM ETSPY, QQQ, DIA, IWM3 Comments
Hale Stewart profile picture
Hale Stewart


  • The Fed will likely tighten too much.
  • U.S. manufacturing is still growing.
  • The markets moved sideways in anticipation of the Fed.

Asian businessman sitting and using the smart mobile phone showing Bull and Bear polygonal shape writing by lines and dots over Stock market exchange and Trading graph on the cityscape background

Tzido/iStock via Getty Images

Will the Fed make a mistake and tighten too much? One former Fed vice-president thinks so:

“A recession at this stage is almost inevitable,” former Fed vice chair Roger Ferguson told CNBC’s “Squawk Box

This article was written by

Hale Stewart profile picture
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (3)

The technicals for my stuff still overwhelmingly bearish, but at least cash positive for the week so far. I could use a rip your face off bear rally right now, I just want any kind of positive week after 4 horrible down weeks in a row. Too much of my blood is in the streets, and can't break the downtrend until I get a positive week. Even +$1.00 would be ok at this point lol.
@fujilomi Ask and ye shall receive, whew great rally today.
Eponymous One profile picture
They're all running lean right now. Plenty of capacity for the upside.
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