Odds of a 25 basis point rate hike in March 2018 by the Federal Reserve increased dramatically since minutes of the December ’17 FOMC meeting was released last night.
CME FedWatch Tool now indicates over 10% increase in probability for a March or May 2018 rate hike compared to odds captured a day after the last FOMC meeting.
Based on CME FedWatch tool indicated probabilities captured the day after the last FOMC meeting in 2017, rate hike expectations for 2018 just turned for the worse.
With 7 more days to go to the last FOMC meeting of 2017, most analysts see a rate hike as a certainty. Based on odds however, there are 9 ways to describe rate hikes in 2018 and not all are rosy.
Oil really belonged at around $40 to $50, but we knew that nature hates to take its course and had to get to $100 before getting back to reality.
S&P500 must have enjoyed quite a bit of uplift from the best performing healthcare sector. A 2-year market top for the sector faced with prospect of Obamacare repeal could frighten investors and trigger a broad market correction.
Year to date performance of US S&P 500 going strong with sector breakdowns a field of green except ‘Energy’. This post covers ‘how to use a heatmap for your sector/stock picking’.