Attention Shifts To Fed Minutes: Volatility May Resume This Week, Markets Do Not Expect 2 More Hikes
Portfolio Pulse from Piero Cingari
Investors are awaiting the release of the Federal Open Market Committee (FOMC) meeting minutes for June, which are expected to confirm the consensus for two additional rate hikes. The market currently does not fully anticipate these hikes, which could lead to increased volatility. The S&P 500 Index and the Nasdaq 100 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) respectively, are trading at high levels.
July 03, 2023 | 5:02 pm
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NEGATIVE IMPACT
The Invesco QQQ Trust (NASDAQ:QQQ) could be negatively impacted by the potential rate hikes, as they are not fully priced in by the market.
The market does not fully anticipate the two additional rate hikes, which could lead to increased volatility and potentially negatively impact the QQQ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) could be negatively impacted by the potential rate hikes, as they are not fully priced in by the market.
The market does not fully anticipate the two additional rate hikes, which could lead to increased volatility and potentially negatively impact the SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80