Weekly Update: March 20, 2017

| March 20, 2017

Weekly Update:  March 20, 2017

  

What To Watch

Last week was an exciting one for the markets… Why?

Well, we had big news in the form of a rate hike by the Fed, yet the market didn’t plummet!  Everyone who sees the risk of Fed rate increases was silenced with the news.

Will they stay silent forever?  

Of course not.  Give them a few weeks and the armageddon drone will begin once more.  Remember the old saying, markets climb a wall of worry!

Despite Trump missteps, and a decidedly negative bias in the media, the news cycle doesn’t seem to be impacting the markets… and that’s a good thing.  

Looking at the charts, we’re in a strong base building pattern… expect this to continue for a few weeks more before we see the market pick a new direction.  

The economy is much improved, and getting better, employment is at record lows… we should see some nice growth for a while.

Stay steady with the portfolio, and hold tight for new trades next week!

 

 

Category: OTW Weekly Updates