Uh-oh. Dovish Talk from the Fed Lays an Egg

Today's updates from Rick's Picks. You are receiving this email because you signed up for daily updates at www.rickackerman.com Is this email not displaying correctly? [View it in your browser](. [Follow on Twitter]( [Forward to a Friend]( The Hidden Pivot Seminar "Trading success is only six hours away." Learn Rick Ackerman's risk-averse Hidden Pivot Method and never trade the old way again. -------------------------------- “...I am pinching myself to be sure I am not dreaming. I am more confident every day with the HP approach. I am making money... I am able to escape the screen if I so wish. I do not end the day stressed and hyperactive. Impressed? I am absolutely knocked out - just wish I had found the site years ago. Best wishes, long may you continue.”- David Ivory --------------------------------------------------------------- - [North Korea Is on Investors’ Radar]( - [How Long Can Mr. Market Waffle?]( - [One-Decision]( Are Too Enticing to Shun for Long]( - [Over-Under Bet for a Holiday-Shortened Week]( - [‘Seasonality’ Takes a Licking]( - [Pre-Holiday Hijinx]( - [Is ‘Matt’s Curse’ About to Doom Stocks?]( - [Nasdaq Produces a Rare Profit for Shorts]( - [AMZN Glowers at Bears]( Rick's Pick for Thursday Uh-oh. Dovish Talk from Fed Lays an Egg Published Wednesday, March 20, 11.20 p.m. ET Stocks whoopee-cushioned (click on inset) on word from the Fed that tightening is unlikely for the remainder of the year. “Interest rate increases could be on hold indefinitely,” Powell said. “It may be some time before the outlook for jobs and inflation calls clearly for a change in policy.” Although the stock market’s obligatory headless-chicken dance ended with the broad averages largely unchanged, it’s surprising and not a little disappointing that shares didn’t get more lift from the announcement. Some observers had expected the central bank to feint toward tightening, however cryptically, and so Powell’s latest utterance should have produced a reaction of at least mild relief. At the same time the Fed Chairman was deftly managing our expectations — the job for which he was hired — the news media was doing its part to spin some front-page headlines in Wall Street’s favor. A trade deal with China by “late April” was reported to be in the works, but this was just the administration’s way of softening expectations and bending our patience toward an uncertain time horizon. And lest Boeing continue to drag on stocks, the fatal propensity of the 737 Max 8 to plummet to the ground was being ascribed to a mere onboard-computer glitch. There’s nothing to see here, folks — just a few lines of bad code. Southwest, United and American have decided to keep flying the plane in any event, but we doubt that passengers would be so gutsy if they could choose their aircraft. A market solution would call for carriers to implement a $100 surcharge for travelers who’d rather avoid the Max 8. My money is on Frontier to lead the way on this. If you don’t subscribe, [click here for a free two-week trial]( that will give you access to everything. And please do stop by the Trading Room to say hello. [follow on Twitter]( || [forward to a friend]( Copyright © 2019 Hidden Pivot Enterprises, All rights reserved. You're receiving this email because you requested that our Daily Commentary be emailed to you. The return email address is not monitored for reply. If you don't wish to receive further mailings, please use the unsubscribe link at the bottom of this message. Our mailing address is: Hidden Pivot Enterprises PO Box 270646Louisville, CO 80027 [Add us to your address book]( [unsubscribe from this list]( | [update subscription preferences](