SPY: Given the Fed’s Hawkish Stance Where Will Market Bottom Be Found?

Jun 07, 2023

SPY – The stock markets’ (SPY) plummet is continuing at an accelerated pace following the FOMC, where the main message seems to be that 75 basis points rate hikes are the new status quo until inflation materially declines. Given August's CPI saw an acceleration in monthly core CPI, we are far from that point. And while the Fed is hawkish, we are seeing more signs of damage to the economic and earnings outlook. In today's commentary, I want to focus on the deteriorating outlook and our current strategy. Then, we’ll do a roundup of some pertinent market topics. Read on below to find out more….

Sep 25, 2022