Broker Check

Is it sell the rumor and by the news?

March 14, 2022
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Is it sell the rumor and by the news?

We have the Federal Reserve meeting this week and are bouncing along the lower end of our trading range. The market is soft today as we head into the Federal Reserve meeting. We started higher this morning with lower oil prices, however, we sold off mid-day and have recovered to almost breakeven for the S&P.

This meandering for the market doesn’t surprise me. We are headed into the Federal Reserve meeting this week and unless there’s a surprise. The Federal Reserve should raise rates by 25 basis points for the federal funds rate. I believe it’s possible that the market will rally towards the end of the week as this becomes reality. The 10-year treasury has backed up above 2%.

I’ll keep you posted as I see things developing this week. Have a wonderful start to your week.

The views stated in this letter are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.