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

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.
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.
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