Time For Analyzing Economic Info

Posted on Friday, June 17, 2022 at 6:51 PM

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Dan Passarelli, CEO - Market Taker Mentoring

We had some green in the market today, which of course is always nice! Especially following the last week and a half or so of trading and the news that came out. Which was, of course, the Fed announcement this past Wednesday. Looking forward, a lot of people that I've talked to have kind of forgotten this or it slipped away from them if they knew it or some just didn't know it. But we have a three day weekend this weekend and I think that can benefit the market a little bit.

Back in the day they used to have what they would call bank holidays, which is when bad financial stuff was happening. They would just close banks and close the market for a little bit to let people take a breather and not panic and let some of the emotion dissipate so that level heads could prevail.

So, an extra day off this weekend probably is not a bad thing for the markets. It could probably give people a little bit of time to digest some of the news and make a little bit more intelligent decisions and maybe we'll see a little bit less volatility as a result of that.

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