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This Is The Last Trading Week of 2024 šŸ˜„

Here's everything you need to know.

Todayā€™s trading heat is brought to you by Lark Funding. If you donā€™t receive your payout within 24 hours of requesting it, theyā€™ll give you a bonus $500.

šŸ“ˆ GM Munchers! This is Pip Munch, the newsletter that knows when to hit the brakes and when to hit the gasā€¦

And guess what? Weā€™re hitting the brakes soon.

Itā€™s the last exciting trading week of the year. After this, the markets will go into full-on nap mode. Youā€™ll find more life in a houseplant than on the charts.

But donā€™t get lazy yetā€”because this week is about to get spicy.

On todayā€™s menu:

  • Why This Is The Last Trading Week of 2024 šŸ˜¢ 

  • HISTORY: Bitcoin Makes A New ATH šŸ“ˆ 

  • Microstrategy Buys Another $1.5 Billion of Bitcoin šŸ¤Æ 

Why This Week Still Matters šŸŽ¢

Hereā€™s the deal:

  • The Fed meets this Wednesday at 2:00 PM EST.

  • Jerome Powell takes the mic at 2:30 PM EST to give his usual calm-yet-cryptic speech.

  • Markets are expecting the Fed to cut rates by 25 basis points.

BUTā€¦ thereā€™s a curveball: inflation.

CPI just came in at 2.7%, rising for the second month in a row. So, Jerome Powell has a decision to make:

  1. Stick to the plan and cut rates to give the markets a holiday boost. šŸŽ…

  2. Pull the rug and sound hawkish because inflation isnā€™t playing nice.

Either way, the markets are going to moveā€”and you donā€™t want to be caught napping.

Whatā€™s at Stake?

1ļøāƒ£ Stocks: Santa Rally or Grinch Drop?

  • The S&P 500 is sitting pretty after a monster year. But hereā€™s the thingā€”if Powell comes in hotter than expected, we could see a pullback.

  • On the flip side, if he sticks to a 25bps cut and sounds chill, risk-on could send stocks soaring into year-end.

2ļøāƒ£ Gold: Ready to Shine? šŸ†

  • Rate cuts = weaker USD, which is goldā€™s favorite cheat code.

  • XAU/USD has already been on fire this month, and if the Fed eases, gold could finish the year with a big bang.

3ļøāƒ£ FX & Crypto: Volatility Incoming šŸš€

  • A rate cut will likely put pressure on the U.S. dollar (DXY), creating opportunities for FX traders (think: EUR/USD, AUD/USD).

  • Bitcoinā€™s been playing bounce-house for weeks now, but this Fed meeting could set the stage for a move higherā€¦ or trigger another liquidation storm.

Why the Markets Go Quiet After This šŸ›Œ

Once Jerome Powell wraps up his Q&A, thatā€™s it. The markets will pack up, grab their coats, and head out early for Christmas.

Hereā€™s what to expect:

  • Low liquidity: Fewer traders, fewer moves, and some random spikes from algos with nothing better to do.

  • Sideways action: Donā€™t expect trendsā€”just chop.

  • Everyone gets reflective: Traders stop trading and start journaling about what they ā€œshouldā€™ve done differentlyā€ in 2024 (weā€™ve all been there).

What Iā€™m Doing This Week šŸ“ˆ

1ļøāƒ£ Focus on Wednesday: Iā€™m waiting for Powellā€™s speech before making any moves. The market always overreacts, and thatā€™s where the opportunity lies.

2ļøāƒ£ Watching Gold and USD Pairs: If the Fed cuts rates and Powell sounds dovish, Iā€™ll be ready to play gold or short the dollar.

3ļøāƒ£ Small Size, Tight Stops: This is the last real volatility of the year. Iā€™m keeping it cleanā€”no YOLO trades, no Hail Marys.

The Bottom Line

This is it, Munchers. The final week of 2024 where the markets still care. After Wednesday, itā€™s all holiday cheer, low liquidity, and Netflix marathons.

So stay sharp, watch what Powell says at 2:30 PM EST, and letā€™s make the most of these last moves.

The markets donā€™t wait, and neither should you.

Cheers,
Matt šŸ“ˆ

Fast Payouts or $500 on Us šŸ’ø

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