Fed Minutes Send Markets Down – Optik Returns Gains of 60% this week!
Optik returned 20% for the SPY ETF alert and 40% for the Microsoft (MSFT) alert this week. We are entering a historically positive period and we are still hoping to settle the year near 1,000%.
Today minutes of the Federal Reserve meeting showed that the officials are expressing largely optimistic views of economic growth at their most recent meeting but also started to worry that financial market prices are getting out of hand and posing a danger to the economy. This news sent the markets down.
Oil prices rose to the highest level in more than two years Wednesday, boosted by a drop in U.S. crude stockpiles. U.S. production also reached another record weekly high last week, according to the EIA. Transports increased, September’s Cass Truckload Linehaul Index improved by 4.2% YoY to 128.2, a new all-time high for the index.
Next weeks market performance hinges on the treatment of the tax bill.