Jay Woods has a job where he watches things happen and then tells people he watched them. This week he's watching a Fed meeting and earnings reports. Groundbreaking stuff.
The Federal Reserve will meet. They'll either raise rates, cut rates, or keep them the same. Three options. A coin has two. The Fed needed an extra one to justify the marble building.
Earnings reports will also happen because it's earnings season. Companies will reveal how much money they made. Analysts will pretend they didn't already know within a rounding error. Retail traders will buy calls on whatever beat by two cents and lose money when the stock drops anyway because guidance was weak or Mercury is in retrograde or some other reason that definitely wasn't in the technicals.
Woods says any of this "could sway the stock market." He's an NYSE insider which means he works near the building with the statue out front. His insight is that events might cause prices to move. In other news, rain could make things wet.
The big week on Wall Street will be exactly like every other week except people like Woods will say it's different. They'll point at the VIX. They'll mention the yield curve. They'll use the word "uncertainty" like it means something other than "I don't know but I need to fill airtime."
None of this matters. The charts already know what's going to happen. They knew last week. They'll know next week. But Woods has to watch things because that's what insiders do when they run out of actual information to provide.
Somewhere a retail trader is reading this headline and thinking he should probably pay attention to the Fed meeting because an insider said so, which is exactly how you end up buying SPY puts at the bottom.
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