1. The Fed hinted that inflation may be too hot to cut rates in March. Does this mean it will happen in May?

2. The fed has teased at this rate cut concept for months now. At what point does the market stop believing them?

3. Key earning reports have been reported. Key earnings from the Magnificent 7 have led the market to trade a new high after the FOMC meeting. It did not disappoint, but it definitely didn’t make the market and listeners happy.

View the FOMC meeting where Powell speaks on inflation HERE! 

In my opinion, a few things can occur, not that the Fed has let some uncertainty enter the minds of investors

1. We do not cut rates, and the market starts to find a mid-term top near 5000-5200 on the E-mini.

2. We cut rates, knowing that inflation will bounce higher by moving too fast. This could be bullish initially but could be bearish in the longer term.

Now, you may be thinking I sound bearish. On X, I commented, “Levels can be tested.” This doesn't mean a market crash.

(Follow us on X)

The feds have done better than expected when it comes to managing this fireball of a market, but even if you are bullish, you understand deep pullbacks occur for a trend continuation.

So, yes, due to uncertainty in the market and possible narrative changes in upcoming Fed meetings, I am expecting the

1. $SPY to trade in a wide range as low as while key companies like $AMZN lead the way. (View Amazon’s most recent earnings report)
or
2. Valued information Technology, health care, and Communications Services sectors rotate higher from their 2023 lows. (Get access when we add to our long-term investments)