May 25, 2022

Markets:

U.S. stock futures were lower Wednesday after a sharp decline in the Nasdaq Composite during the previous session, while traders awaited the Federal Reserve’s release of its policy meeting from earlier this month.

Wednesday’s moves came after downbeat session for the Nasdaq, which tumbled following a warning of slowing growth from social media company Snap.

Traders will continue to parse through earnings reports this week to see how companies are handling inflationary pressures. Snowflake and Nvidia are set to post quarterly reports after the bell.

On the economic front, investors are awaiting the latest meeting minutes from the Federal Open Market Committee. At the May 4 meeting, the Fed hiked rates by half a percentage point, with Chair Jerome Powell saying that inflation is “much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down.”

Portfolio:

We enter the new trading session holding positions in BLNK, SWN, PHR, and holding itrm. Active session yesterday with the queue igniting. Today we have Fed minutes to be released. Remember the playbook here; patience! These days now have shown to provide wild swings and the overall reactions after the fed has not held into the next days session. Patience today! Allow price to materialize. Be on alert today and let's have a great session.