Price action and fundamental conditions show the limits on how high rates can rise.
A shift in the way the central bank manages its balance sheet is dangerous.
This alleged boom has been fueled by tax cuts, not the Fed.
There is nothing in their statement to indicate that more rate hikes will occur soon.
I am urging the Fed chair to wait as there will be adjustments and innovations that keep labor costs down.
There is strong precedent for aggressive rate cuts once the Fed gets started.
Market volume has been below average the last couple weeks, but could pick up as the mood swings from one of caution to fear of missing out.
If the Fed pauses in March, that decision came after the December meeting.
Using a classic ABCD technical pattern as a guide, it appears there is upside potential for the market before it encounters resistance that could stall this nascent rally.
Market participants are smart enough to know by now that when one must venture across thin ice, one does not linger.