All eyes are on today's Federal Open Market Committee meeting. Stock markets around the world were mixed as they awaited the outcome...
As inflationary worries rise, stocks are more sensitive to any changes in current monetary policy. Tech stocks are the likely winners of a business-as-usual outcome, and defensive stocks would benefit from any mention of future Fed action.
I've identified two defensive plays with pullbacks that would benefit from a shift in market sentiment. One is a global manufacturer and the other is an ETF. Basic materials stocks have been cooling off lately, but today's news may heat things up again.
In today's video, you'll learn about the imminent narrowing of momentum in the broader indexes… get an update on today's Fed announcement… whether inflationary stocks will continue trending… whether tech is done rallying or just getting started… and the top stock and ETF on my radar.
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