Premarket: Apple is green

apple premarket green 6-15-22From the Wall Street Journal’s "Stock Futures Rise Ahead of Fed Rate Decision" posted early Wednesday:

The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 p.m. ET. Investors expect a 0.75-percentage-point increase to the Fed’s target rate, which would be the biggest since 1994. The central bank had previously guided for a 0.5-percentage-point increase, but rate expectations shifted higher after data showed inflation running at its fastest pace in more than four decades...

European stocks and peripheral government bonds in the eurozone rallied after the ECB said it would hold an ad hoc meeting Wednesday to discuss turbulence in the region’s bond markets. Investors have dumped southern European government debt of late after the ECB set out plans to wind down its bond-buying program and raise rates to tame inflation...

“It’s a question of whether there’s something definitive today, or more an explanation of what to do in the future,” said Dorian Carrell, a funder manager at Schroders, of the ECB meeting. The ECB’s response to bond-market disruption is critical to global markets in part because it will influence the dollar, he said.

Charts: Yahoo!Finance sees a bearish MACD pattern. Max pain has slipped to $142 with a call mountain at $150.

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