The Federal Reserve announced Wednesday that interest rates may rise sooner than expected. Although the Fed moved a forecasted rate hike from 2024 to 2023, Chair Jerome Powell said inflation could be higher and more persistent than expected.
Stock markets opened lower after Wednesday's meeting. We don't know exactly what will happen in the next few days, so investors should be cautious. Health care stocks are usually neutral on interest rate fluctuations, and tend to move higher when there is uncertainty. I've identified two stocks I like in the current stock market...
The S&P 500 remains close to all-time highs with only 55% of stocks trading above their 50-day moving averages. The markets look stronger from an external perspective. From an internal perspective, stocks should be neutral instead of bullish. Meanwhile, there's been an influx of capital into a handful of large-cap stocks. In today's video, you'll learn about the impact of the Fed's FOMC meeting on Wednesday... the most likely trading action in the bond market… the likely scenario for tech stocks… one sector that won't be affected by Fed data… and two hot interest rate-resilient stocks.
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