Will the Fed's Decision Be a "Buy the Rumor, Sell the News" Situation?
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Good Tuesday afternoon, one and all.
How was your next-to-last day before interest rates edge higher? The market was sure digging the prospect, more excited about the upside of a higher Fed Funds rate than the adverse impact it may have. That is to say,
investors are expecting the economy to roar sooner than later, and it's better to nip inflation in the bud than it is to let it run rampant. We'll look at the matter in detail below. First, I want to congratulate those of you who capitalized on my mistake from Friday and acted on the trade recommendation -- a short trade on Lifeway Foods (LWAY) -- I was trying to deliver to Under the Radar Mover subscribers. That trade's up about 9% now, which isn't bad at all for a couple of days work.
If you didn't read anything we delivered on Friday, then you have no idea what I'm talking about. Here's the Q&D catch-up.