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Home Posts surprise cut

Surprise Fed Rate Cut (A Trading Story in BRCM)

Bella08/10/2010Mike Bellafiore's (Bella's) Blogs, One Good Trade1 Comment

On this day when the Fed made their expected announcement I thought I would share an old school anecdote about a surprise rate cut from One Good Trade (Wiley Trading). During 2001, I made a living playing two historic bounces on the NASDAQ, and grinding it out. On January 3, 2001, the Fed unexpectedly cut rates 50 basis points. When … Read More

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