We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stocks closed modestly higher yesterday, but well off their best levels of the day.
Word that the U.S. and China are planning trade talks in January was welcome news and lifted shares.
But uncertainty surrounding this afternoon's FOMC Meeting Announcement and whether the Fed will raise interest rates or not is causing a bit of anxiety.
Most are expecting another 25 basis point hike. But Fed Chair Powell, in recent weeks, has softened his outlook on the pace of hikes. So there's definitely some uncertainty there.
Quite frankly, the market's response could go either way, whatever they do. And you could read both good and bad into raising and not raising. So it will be interesting to see what the Fed does AND says in the language of their announcement, their forecast, and their press conference.
There's also plenty of anxiety surrounding the potential government shutdown come Friday, 12/21, if there's no budget agreement.
Looks like the market will remain on pins and needles for the rest of the week.
But a little bit of good news would go a long way.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
We have zeroed in on four companies which have performed well by significantly beating the industry despite the recent underperformance of the sector. Read More »
When the market is weak and uncertain, value investment is the way to go as most of the fundamentally good stocks fall within the discounted range. Read More »
How often have you owned a stock that gets pummeled with no logical explanation? This is often caused by computer-driven High-Frequency Traders (HFTs). They fire off massive amounts of short trades to drive stock prices down, then profit from the rebound. Their gains come at the expense of human investors.
The good news is that Zacks has mounted a Counterstrike to catch the best of these "manipulated price drops" as they rebound. For example, we recently closed gains of +30.02%, +25.15%, and +23.58% in as little as 2 weeks.
Access to these trades must be limited. It closes to new investors Sunday, December 23.
Stocks closed modestly higher yesterday, but well off their best levels of the day.
