Over the past two years, the Fed has held off raising interest rates - and for the majority of those 'decision' days the market rallies in an opposites world of bad data is good, an economy that is weak enough to keep the Fed from raising rates being seen as something to cheer. However, today the market is selling across the board in response to the latest Fed 'hold' on interest rates. The language out of the Fed was confusing at best and I won't attempt to explain what folk that get paid a lot more than me have failed to parse out.
Bottom line is the economy isn't as strong as some would make you believe. So, what to do now? Should you be buying stocks here? Are there bargains to be had or is there some systemic risk in buying stocks at all?
I would be cautious here. Other than a few select stocks offering dividends, I wouldn't be rushing to buy this market.
Bottom line is the economy isn't as strong as some would make you believe. So, what to do now? Should you be buying stocks here? Are there bargains to be had or is there some systemic risk in buying stocks at all?
I would be cautious here. Other than a few select stocks offering dividends, I wouldn't be rushing to buy this market.