Morning Commentary
It’s all about the Federal Reserve and interest rates this week. There is a major push for Powell & Co to take a victory lap, which puts me a little on edge.
I have been in the soft-landing camp but worried the bandwagon is filling up too fast.
Bonds continue to be the key proxy to watch. Note, the ten-year yield bounced to 4.28% from 4.10% on Thursday.
Inflation under three percent and above two percent has historically been a sweet spot for stocks.
Friday’s session was encouraging heading into the weekend. But look for more angst this morning ahead of the CPI report and the FOMC decision.
Portfolio Approach
There is no change in sector weights in the Hotline Model Portfolio.
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