James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
The Chinese purposely timed their response to occur in front of Powell's speech to create as much market disruption as possible.
It is not productive to have emotional reactions to every loss and every gain, as both are part of the business of trading and should be taken in stride.
The market is said to hate uncertainty and we have much more of it now.
What we are hearing is that the Fed is data-dependent and is aware of the potential problems caused by the trade dispute and other issues.
Powell has not produced the positive market reactions that his predecessors tended to produce. Expect several swings to occur while market players try to sort out all the ramifications.
With uncertainty around what Fed Chair Jerome Powell might say Friday, it's unclear how much dovishness will take the market higher.
Focus on finding an edge as volatility surges after the event.
A 'sell the news' strategy has consistently been a loser on Fed news.
The best strategy is to stay vigilant and be ready to react.
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