With the S&P 500 NYSEARCA: SPY sitting at or near all-time highs, today’s Federal Reserve meeting bears more importance.
This should bring a bit more volatility to the forefront.
In today’s video, we discuss today’s Fed meeting, key stock market indicators, what to make of the Russell 2000 NYSEARCA: IWM and other broad indexes, and more. Here’s a recap:
– Federal Reserve will be in focus today as a 25 basis point cut is widely expected.
– Investor sentiment continues to move toward greed as the S&P 500 breaks higher.
– Small cap stocks and the Russell 2000 continue to lag but small cap tech is leading.
Stock Market Today Video – October 30, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
