April 17, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

86% Probability Of A Rate Hike

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 probability of a 25 basis point rate hike in the FOMC meeting has risen to 86%.
• Momo gurus were previously predicting that the Fed would not raise interest rates in the upcoming meeting and that was the reason to buy stocks.  Momo gurus are now accepting that the Fed is likely to raise rates.