Speaking of interest rates. We’re just under two weeks away from the next meeting of the Federal Reserve Open Market Committee . Members of the Fed have been out speaking this week, offering insights as to where they see monetary policy heading. In her comments yesterday, Cleveland Fed President Mester reiterated her belief rates need to get above 5%. Those comments were echoed by Atlanta Fed President Bostic, who also said he believes rates need to move higher.
Another story I’ve been watching this week has been volatility. The VIX hit a low of just over 16 on Wednesday, well below its historical mean of 18. I find this very interesting given the recent turmoil in the banking sector and the heavy amount of data coming next week. With the S&P 500 still stuck below 4200 and volatility very quiet, I think it’s important retail investors not get caught off guard.
Next week is a big one for earnings. Companies such as Alphabet, Amazon and Microsoft lead a massive number of earnings announcements. We’ll also get some important economic numbers. In addition to the housing data already mentioned, we’ll also get an update on durable goods and then Friday, the most recent reading of the Personal Consumption Index will be released.
tastytrade, Inc. commentary for educational purposes only. This content is not, nor is intended to be, trading or investment advice or a recommendation that any investment product or strategy is suitable for any person.
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