Pre-Open Market Comments – Wednesday

April 27, 2022
Author: Peter Stolcers, Founder of OneOption

A week from today the Fed will release its statement and traders are bracing for a 50 basis point hike. Even more concerning is the fact that their rhetoric is likely to reflect another 50 basis point hike in June. This is casting a dark cloud over the market and extreme selling has pushed the S&P 500 to within striking distance of the low of the year.

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