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ZACKS
Investors Bold in Wake of Fed Announcement

Just a month ago stocks were soaring to an all-time high at 1687 on the S&P 500. Next thing you know speculation grows rampant on when QE will be tapered and what that means for the stock market.

A 5% correction ensued with market volatility being the norm. Yet since last Wednesday's close, stocks have advanced +2.4% including an impressive gain Tuesday.

Reity, what do you make of all of this?

More investors are reading the Fed tea leaves to mean that QE will not be tapered too soon. Nor will it be removed too quickly. That has more investors returning to the bullish mood of the recent past.

Granted the Fed could flip over a wild card on Wednesday and we retest 1600 once again. However, given what we know now, I like the odds better of taking a shot up towards 1700.

Featured Commentaries:

•  Roundtable Top Picks of the Week

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Best,

Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1 Strong Buy

Iconix Brand (ICON)

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Ralph Lauren (RL)

After being one of the hottest luxury retailers since the recession, why is Ralph Lauren now a Zacks Rank #5 (Strong Sell)?


Stock Picking Strategies

Forget the Correction, Play the Trend  ››

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Funds Commentary

Zacks #1 Ranked Real Estate Mutual Funds  ››

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Options Strategies

5 Careful Ways to Win with Options  ››


Video Reports

Roundtable Top Picks for the Week of Jun. 17th

Ideas for Auto Parts, Consumer Finance and Share Repurchases. Opportunities covered include Standard Motor Company (SMP), Discover Financial (DFS) and PowerShares Buyback Achievers (PKW).

FED Front and Center Again

Zacks experts share their thoughts on the FED meeting this week and more.

Forget the Correction, Play the Trend

Trying to predict when a correction is coming has been lethal for bears, foolish for bulls.

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