MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Fed Likely To Pen Rosier Forecasts...Buy the Rumor?

beebee
in Other Investing
Federal Reserve policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades, with unemployment falling and inflation rising, as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.
fed-likely-to-pen-rosier-forecasts-but-no-policy-shift-expected
Putting this in perspective of today’s equities market, the rebound is a “buy the rumor” event. The rumor is the pandemic is peaking and a rebound is in sight. When and if the market discovers this isn’t true, or not as true as it would like to believe, I think we’ll see a “sell the news” event unfold.
Source:
market-psychology-buy-the-rumor-sell-the-news
Sign In or Register to comment.