“What can I say except ‘you're welcome’
for the tides, the sun, the sky?”
Fed Chairman Jerome Powell spoke at 2:30 PM this afternoon, and, as I predicted yesterday, at 2:35 PM, the S&P 500 did what I said it would do.
We peeled off after the Fed’s announcement and hit the third standard deviation line.
And then… well…
The SPY Jul 26, 2023, $454 calls went from $0.36 to $3.10 today. At 2:35, it surged more than 100%.
If you were trading that, you had a great day. This is exactly what I told my Flashpoint Elite readers. These people are smart; they knew exactly what to do when it hit that third deviation level.
Right now, I’m sitting in an Uber traveling from Bonita Springs to Boca Raton, where I’ll smoke cigars and drink whiskey with the great Mark Ford. I feel like celebrating, and if you were following along, you should, too.
Today paid for itself.
This trade was awesome… as expected. If you missed out, give Gabe Oropollo at VIP Services a call. The direct line is 877-848-3418. Tell him you’re a Postcards reader and he’ll be able to help you with access to Flashpoint Elite. You can do this too.
Stay alert,
Garrett Baldwin
Florida Republic Capital
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.