Macro Market Deep Dive
Rate hikes, jobs, earnings are going to make for a volatile but potentially bullish run in equities and indices into (seasonally) mid-February. But we need to get past Friday’s Non-Farm Payroll to find some smoother seas. Overall the market “knows” via Fed Fund futures that the timeline to rate hikes is now easily May and maybe even March and yet the indices are not melting down (that may change the second half of February). Let’s look at the ranges we are dealing with and the near-term opportunities ahead of us.