Video summary

ONE LAST RIDE WITH POWELL | Live Trading | ICT Concepts | April 29, 2026

Main summary

Key takeaways

Finance

Finance-focused summary (markets / macro / investing context)

Macro / rates backdrop (FOMC + Powell press conference)

  • Policy rates unchanged: The FOMC left the target range for the federal funds rate at 3.50%–3.75%.
  • Inflation figures cited (PCE):
    • Total PCE: +3.5% y/y (12 months ending March)
    • Core PCE: +3.2% y/y
    • Inflation described as elevated due to:
      • Higher global energy prices (Middle East conflict)
      • Tariff effects on goods prices
  • Labor market:
    • Unemployment rate: 4.3% in March (little changed)
    • Job gains: remain low; labor demand has “softened.”
  • Forward guidance / reaction function:
    • Monetary policy is not on a preset course; decisions will be meeting-by-meeting based on data and risks.
    • Powell said the Fed is well positioned to determine the “extent and timing” of future rate adjustments.
  • Explicit timeline note from speaker: Powell said, “This is my last press conference as chair.”
  • Next Fed timing (as discussed):
    • The speaker suggests the next FOMC is June 17.
    • The speaker clarifies “May 20” refers to meeting minutes, not an FOMC decision.

Market action observed (pre-earnings, post-FOMC)

  • The session is characterized as choppy / range-bound after the FOMC release.
  • Equity index futures / indices referenced:
    • ES (S&P 500 futures): “took out prior lows,” with multiple new lows and continued weakness.
    • Dow Jones: “pushing to new lows.”
    • NQ (Nasdaq 100 futures): described as “a little trickier” relative to ES.
  • Trading concern (timing):
    • Whether price movement would be “important” before 4:00 earnings.
    • If conditions remain choppy, it may be better to avoid forcing trades.
  • Earnings interference / volatility expectation:
    • Belief that limited action may occur until the 4:00 earnings window.
    • Headline-driven moves may appear later (often tomorrow) rather than immediately after the afternoon FOMC.
    • Especially relevant if followed by additional macro/events.

Earnings calendar mentioned (single-stock risk overhang)

  • Major companies due “at 4:00”:
    • Microsoft (MSFT)
    • Google / Alphabet (GOOGL / GOOG)
    • Meta (META)
    • Amazon (AMZN)
  • Next day earnings:
    • Apple (AAPL) on tomorrow at 4:30
  • Upcoming Nvidia earnings (later in May):
    • Nvidia (NVDA) expected around Wednesday the 20th
    • (The date is described as trading-relevant.)

Crypto / cross-asset note

  • Bitcoin: referenced as down ~1%.
  • General sentiment: “Everything’s down a little bit,” alongside equity weakness and ongoing earnings.

Trading / risk management framework (as described by the presenter)

Not formal investing advice; this reflects the presenter’s live-trading operational approach.

Post-FOMC playbook (timing & behavior)

  • Wait for:
    • The press conference reaction
    • A new 4-hour candle setup
      • Speaker notes waiting roughly 15–30 minutes into the press conference; “2:00” as a reference point for the next candle structure.
  • If price is choppy / slow / range bound:
    • Reduce engagement
    • Avoid “forcing trades in chop or accumulation”
    • Consider cutting and running early rather than “grinding” trades

Earnings risk filter

  • If conditions don’t improve by ~3:00 Eastern, expect the market to be waiting for earnings.
  • Speaker leans toward calling it / standing down.

Volatility expectations

  • Real movement may be delayed (possibly tomorrow morning/afternoon).
  • Afternoon may be avoided near Apple earnings, given the proximity to AAPL at 4:30.

Instruments and tickers explicitly mentioned

Macro / markets (indices/futures)

  • ES (S&P 500 futures, implied)
  • NQ (Nasdaq 100 futures, implied)
  • Dow Jones (index)

Stocks / earnings names

  • Microsoft (MSFT)
  • Alphabet (GOOGL / GOOG implied)
  • Meta (META)
  • Amazon (AMZN)
  • Apple (AAPL)
  • Nvidia (NVDA)
  • Tesla mentioned earlier (“last week”), but not discussed in detail

Crypto

  • Bitcoin (BTC)

Bonds / rates

  • Federal funds rate target range: 3.50%–3.75% (No explicit bond yield series was stated.)

Key numbers / recommendations / cautions

  • Federal funds target: 3.50%–3.75% (unchanged)
  • Inflation: PCE 3.5% y/y, Core PCE 3.2% y/y (through March)
  • Unemployment: 4.3% (March)
  • Trading caution:
    • If action stays choppy, don’t force trades; likely stand down until earnings or later (often tomorrow).
  • Expected “move size” (ES, informal discussion):
    • Speaker speculates roughly about a potential magnitude like ~2%, described as uncertain.

Disclosures / disclaimers

  • No explicit “not financial advice” statement appears in the provided subtitles.
  • The speaker repeatedly frames the content as live trading/stream commentary, using risk-like language such as “wear protection,” “try to be safe,” and “don’t force trades in chop.”

Presenters / sources

  • Jerome Powell (Federal Reserve Chair; source of the press conference remarks transcribed)
  • ICT Concepts (referenced in the livestream title)
  • Livestream host/presenter: main live-trading host mentioned only as the subtitle speaker (no real name provided in the text)

Original video