Initiating Positions Before FOMC News

Initiating Positions Before FOMC News2017-03-03T15:26:53+00:00
  • Author
    Posts
  • STEPHEN
    Member
    Post count: 22

    Do you guys have an opinion about initiating new positions when FOMC announcements are imminent? For example, we just had a new MYRS signal within a day before FOMC minutes.

  • Alexander Horn
    Keymaster
    Post count: 386

    Hi Stephen, my personal opinion: If you are a long-term investor using quantitative models, just ignore these events. Did you know by yesterday that EDV was going to be up 1.7% by 2pm EST today (and now only 0.61% towards close)?

    See also comment on Feb MYRS signal post.

    • STEPHEN
      Member
      Post count: 22

      No, I didn’t know anything about the direction, only that FOMC is usually accompanied by market volatility. That’s why I wondered.

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