This week all eyes will be on the Fed. and their interest rate announcement coming at 2:15 EST on Wednesday. This meeting will set the tone for many markets for the remainder of the 1st quarter. We are not expecting the FOMC to do anything and that should be disappointing for a market that has all but built in a rate cut sometime soon. This meeting should add even more volatility to an already very volatile trading environment in stocks, bonds, and commodities.
The fact that the media hangs on the now “retired” Mr. Greenspan’s every last word, while all but ignoring Mr. Bernanke’s must be very frustrating for both of them. Until Bernanke commands the same respect that his predecessor does, this trend will likely continue. Look for bonds to be very volatile late in the week and early into next week.
Derek Frey
Odom & Frey
www.odomandfrey.com
Call us at 1-866-636-6378
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