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Wednesday, January 31, 2018

Don’t Trust the Bounce This AM - FOMC Likely To Be Hawkish - Be Patient


One Option Trading Blog http://ift.tt/2nu8Est Posted 9:15 AM ET - Yesterday the market took a breather and stocks finished on the low of the day. Interest rate jitters sparked profit-taking ahead of the FOMC statement today. I believe that the Fed will be relatively hawkish. Stocks will be nervous after the release but they will settle down in a few days. The Fed is not worried about the market after a 200 point S&P rally this month. They have breathing room and they want to get rates back to normal levels as soon as possible. Inflation is likely to start creeping into the economy. Oil prices …

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