Pivot investments from 'macro to the micro': Strategist

Ahead of the Federal Open Market Committee meeting on Wednesday, the market has gained some momentum. Investors are no longer anticipating a rate cut announcement at the March gathering, with the CME FedWatch tool indicating the low probability of cuts.

We're joined by Eric Lynch, Scharf Investments Managing Director. Thank you for joining us this morning. So as we look at what some of the investors have been really mulling this week. We know, obviously, the AI push keeping some of the rally elevated here, but also the Fed as well.Yeah. I think rate cuts clearly off the table, Rachelle, because you've got really these strong CPI, PPI prints, persistent strong job growth. Yes, things are slowing a bit in the economy.

And so now, you take off immediate and substantial rate cuts off the table, then the eyes or the focus is going to be more on the economy and on earnings growth going forward.Reddit's IPO will make its debut on the New York Stock Exchange on Thursday with the ticker RDDT. The company's target valuation is $6.4 billion, with shares estimated to cost between $31 and $34.

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