Here's why I say, don't worry about the Fed, D.C. or inflation, and instead look at this big deal.
Now that we are in an inflationary environment, there are many ways investors can protect themselves by getting ahead of, or even avoiding the effects of inflation.
One thing needs to resolve itself now that higher-for-longer inflation is becoming the consensus.
This inflation is alive and real and there is nothing transitory about it.
This combination of weak bonds, pressure on growth stocks, and a frothy IPO is causing the corrective action to gain traction.
Let's simplify as much as possible what is occurring in the bond market, and what it means for investors.
There is a lot that will be determined at this pivotal meeting. Here's my base case.
How far behind the large-cap indexes the S&P 400 and S&P 600 really are is astounding.
Experts advise keeping a cool head despite issues in energy, inflation, and international relations.
How will the central bank deal with decelerating, but still high inflation, especially if it coincides with decelerating, but still solid economic growth?