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First time since october stocks look to close out the month in the red. April showers leaving the dow soaked and got them down 444 at the moment but for the month down 4. 6 followed by the s p 500 which looks to end the last 30 days with a loss of 3 , the nasdaq in a shower but on pace to get clipped by 3. 5 but it is the small and midcap that took the worst dunking, the russell 2000 on track to have lost 6. 6 on the month. Overall no one should be surprised or worried considering the runup by the bulls that theyve enjoyed since november with the backdrop of stubborn inflation which brings us to right now, Federal Reserves Committee Meeting huddled behind closed doors and while the fed is expected to leave borrowing rates to 5. 5 for the sixth meeting in a row, simmering inflation weighing heavily on chairman jay powell. Cutting rates would be a tool used to stimulate spending but with consumer demand sizzling the Central Banks original plan to cut 3 times, 6 times this year is on ice.

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