It was a hard sell for stocks to start the week and to end it, but next week brings the Fed and they may not have much flexibility with inflation as commodity prices continue to run. Get your weekly equities forecast from JStanleyFX here:
, with a really strong bounce developing on Wednesday that was partially faded-out on Thursday and Friday.
Next week brings the Fed and the widely-expected lift-off for rates. While the possibility of a 50 basis point hike was roiling the market just a month ago, those expectations have diminished with markets now looking for a 25 basis point move. At this point that quarter-point hike feels well priced-in; but it’s the other items that remain of interest., which strips out food and energy.
And while war can be construed as a positive for market performance, at least historically speaking, the reason for that is often the attached stimulus that’ll be injected into the system. But, that’s already been happening over the past two years.