Credit Concerns Are Elevated

March 20, 2023
Author: Peter Stolcers, Founder of OneOption
Author
Pete

This is going to take time to play out. We don't know the full effects of the rate hikes to this point or if more are coming.

PRE-OPEN MARKET COMMENTS MONDAY – Credit concerns are elevated and all eyes are on the FOMC Wednesday. A 25 basis point rate hike is expected and traders will be watching for a more dovish tone. This is the fastest tightening we’ve seen in decades and the wheels are starting to wobble. The SPY will open within striking distance of the major moving averages and we are likely to stay close to them into the Fed announcement.

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