Fed day is here and markets are primed for a 75 basis point hike, along with assurances of more to go along with the start of QT. This is an unprecedented shift from the FOMC and markets are hangin.
The big bear has returned to U.S. equities and next week's inflation report brings yet another series of risks to the S&P 500, Nasdaq 100 and Dow Jones Industrial Average.
Stocks have shown extremely high levels of volatility so far this year but with an FOMC rate decision just a week away, both the S&P 500 and Nasdaq 100 have built into box formations.