To gain an edge, this is what you need to know now.
Cash And Hedges
There is no change in cash and hedges from the Morning Capsule. The changes anticipated in the Interim Capsule are being postponed.
Market Does Not Believe
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows when the Fed statement was released.
- The Fed is very hawkish.
- The Fed anticipates seven rate hikes this year.
- Going into 2023, interest rates may be raised by a total of 2.8%.