​Fed Day Arrives: Futures Are Flat But Fireworks Loom – Tyler Durden

Fed Day Arrives: Futures Are Flat But Fireworks Loom It’s finally Fed day, and futures are up up small with Tech in line and small-caps lagging having largely priced in a 50bps rate cut already (the risk clearly is to the downside if Powell goes 25bps). As of 8:15am, S&P futures are unchanged and less than 1% from all time highs, with the cash index rising for 7 consecutive days, while Nasdaq futures gain 0.2% with Mag7 mixed, and Semis weaker with NVDA -40bps; GOOG +70bps and MSFT +29bps. While futures are flat now, they certainly won’t be after 2pm,…  — Continue at ZeroHedge News : Read More