Commentary With the stock market having escaped January in one piece, all eyes in the market will now be turning to the month of March. When the snow starts to melt, thoughts of spring occupy people’s minds, and the FOMC meets for their second meeting of the year. This will be the big one. The meeting where they decide to start hiking interest rates. Since the Fed got serious about inflation, the stocks have behaved pretty well. An initial 25 basis points is already pretty much built into the market with the mega-cap tech companies that have held indexes together for most of the past year finally starting to take some profits. The good news is that within six months of a Fed rate hike, the stock market is typically back up over 50 percent of the time. The bad news is the stock market and the economy are no …
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