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This is a story of declining margin in an inflationary environment.
Plus, Thursday's trading saw every select sector SPDR ETF lose ground after Jerome Powell's utterances after the latest FOMC meeting.
What I'm really aiming for on Fed Day is a small profit on a trade. Nothing more, nothing less.
How the Fed's Powell reacts to questions in the press conference becomes just as important if not more so than the policy decision itself.
It's a make or break week for the chipmaker.
Of all of the corporate events scheduled for this week, there are two that stand out, Nvidia and Wells Fargo.
But If UPS has been similarly impacted, I would say that it's nearly 'game over.'
As for Thursday's trading, the longer it lasted, the worse it became.
It's really hard to find something to like about ADBE's chart.