(Updated Indices Outlook) 🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 3/18/24

March 18, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 Will The Fed Still Cut Rates Three Times This Year?!🤔 💣 Reddit Seeking $6.5 million Valuation 💰 💣 Mike's Indices Outlook 🕵 Quick Glance 🔎 As of March 18, 2024, 12:10 PM MST Will The Fed Still Cut Rates Three Times This Year?!🤔 As I mentioned in my WOW Insider update on Friday the market has been in a stalemate ahead of Wednesday's Fed meeting. The major U.S. indexes have taken a breather from record highs as we all anticipate the latest monetary policy decision and updated economic projections. The one question everyone is begging to find answers to is: Will the Fed still cut rates three times this year as previously planned? Investors anticipate no change in the Fed's benchmark interest rates, which is expected to stay within the 5.25%-5.50% range. [See Full Article]( Reddit Seeking $6.5 million Valuation 💰 Reddit's initial public offering is currently oversubscribed between four and five times, increasing the likelihood of achieving its targeted $6.5 billion valuation. While oversubscription doesn't guarantee a strong market debut, it suggests that the company is likely to meet its anticipated price range of $31 to $34 per share during its IPO pricing in New York on Wednesday. Despite its devoted user base, Reddit has faced annual losses since its 2005 launch and has trailed behind Meta Platforms' Facebook and X. [See Full Article](=) Indices Outlook 👀📈 All eyes will be on the FOMC meeting taking place this week. Wednesday they release the statement following the two day Fed meeting. Interest rate futures are showing that there is a 95% chance they DO NOT touch rates at this meeting... as most are expecting. Inflation has been a bit more stubborn than we think the Fed anticipated. However, the key to how the market digests the statement will be if any language changes... showing a different plan or perspective moving forward. Any hint towards a slower pace of rate cuts will most likely shock the market into a short-term selloff. (and vice versa if there is any hint towards faster/more aggressive rate cuts) The unexpected news is what usually really impacts the reaction. Now to the indices... For the last two and half weeks, the S&P 500 and the Nasdaq have been in a bit of a holding pattern. We see the bulls find some energy, but it has only been for a day or two at a time before it fades and the bears follow a similar routine. This of course speaks to some indecision in the markets and the bulls are looking for some reason to get excited about buying again. Wednesday's fed announcement could be the catalyst to send the market higher or lower out of this little range we've been in. The markets have held on to their technical uptrends, but the momentum to the upside has definitely slowed some. This week could kick that trend back into full swing or push things to a much needed breather/pause/pullback. Stay tuned and buckle up for a fun week! Mike Curtis Mumsy's Meme of the Week 😂 Want more market insights? Join Our Mastermind Group Get exclusive access to weekly webinars with Mike Curtis (a.k.a. “Right-hand Mike” or Mentor Mike) and other guest Mastermind contributors! [Find Out More]() Free Resource LEARN HOW TO DO IT YOURSELF Head to the TEAM HUB for more options training. Learn the basics of options, how to setup an account, and place your first Money Press trade through the Onramp. [Go to T.E.A.M. Hub](=) Treasure Trove Tidbits: Top headlines in a glance 💰 [Reports this week provided multiple reminders that inflation isn't subsiding soon, as data showed pressures increasing at a faster-than-expected pace,](=) raising concerns about its durability according to policymakers' anticipations. [On Monday, March 18, CEO Jensen Huang will commence Nvidia's annual GTC conference]( with a two-hour keynote at the SAP Center in San Jose, Calif., unveiling the company's plans for the upcoming year. [Top economists are discussing the impact of the climate crisis on the US economy.](=) According to Mark Zandi, chief economist at Moody's Analytics, the biggest economic costs over the next 10 to 20 years will likely stem from increased frequencies of natural disasters I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190