TOMORROW- Biggest Day of the Year for the S&P 500!? That’s not hyperbole, that’s legitimately what the market is pricing. This is a calculation based on where options (both put and call) are being bought- that determines how much the movement the market is ‘pricing in.’ 3 HUGE economic stars have aligned, and they’re all happening tomorrow. 1. May CPI (inflation) report is released- the market grew much more concerned with this number after last Friday’s jobs number surprised to the upside (more people hired than expected). 2. Fed Rate Decision & Press Conference- the rate decision is a NOTHING BURGER- almost ZERO chance rates change. BUT, the Press Conference is where reporters will try to pin Jerome on his outlook for interest rates. 3. Release of the SEP- this is where each Fed Member forecasts their outlook for GDP, Inflation, and Unemployment. Little reminder, they are the ones that set rates- SO IMPORTANT to understand what they’re thinking. With all that in line, the market is pricing in a WILD, 1.4% move higher or lower for the S&P 500 this year- that’s a bigger implied move than the implied move for any other day this year. 🤯🤯🤯 Does the market rip higher or get hammered!? LMK. 👇 #finance #interesteates #mortgage #mortgagerates #thefed #federalreserve #jeromepowell #investor #investing #stocks #stockmarket #cfp #lifegoalnation #lifegoalinvestments