The Fed Will 'Rule the Market' Tomorrow I hope you can multitask... Because there's a lot for investors to digest this week. Monday began with news of a third major bank failure. (You can get the details here.) And there are still plenty of lingering questions about the future of the U.S. banking system. Today, the Federal Reserve kicks off its two-day-long meeting – which will end with its next decision regarding rate hikes tomorrow afternoon. Mixed in with all of that is the ongoing earnings season. And finally, we get the ever-important jobs number on Friday. That's a lot... and it's only Tuesday. So what do all of these big headlines mean for you? We'll talk about it all on today's episode of Making Money With Matt McCall – including a brief outlook on the topics likely to drive the market this week. A 25-basis-point (0.25%) rate hike from the Fed has already been priced into stocks. But the big question is what comes next? Are more rate hikes in our future? Or could the central bank finally be ready to pause? You'll have to tune in to hear my thoughts. Then, I turn my attention to what's going on in the market. We've seen a sudden resurgence of bears in the media. The big money appears to be worried...
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Hedge funds and speculators are sitting on the highest ratio of short bets since 2011. And fund managers' bond allocations are at their highest level since March 2009. But history tells us this makes for a contrarian bet. When we've experienced bearish and bullish sentiment extremes in the past, the best strategy has always been to be a contrarian – and do the exact opposite of what most investors are doing. The bears appear to have reached an extreme. So I take a look at a few of the negative calls from Wall Street and explain just how bad the historical track record has been for the perma-bears. Even a broken clock is correct twice per day... But don't let the doom-and-gloom headlines cloud your investment decisions. Always do your own homework. And remember that long-term investing is one of the single best ways to generate wealth. Click here to watch today's Making Money With Matt McCall podcast now. Here's to the future, Matt McCall
Editor, Daily Insight
May 2, 2023
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