The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after minutes from the Federal Reserve's last meeting showed that officials agreed to keep hiking rates in order to fight sticky inflation.
Analysts have conflicting viewpoints on what's ahead for the U.S. economy and markets, with some warning of an impending recession, while others suggesting that a soft landing is possible. Meanwhile, one analyst is pointing out that bear markets have never ended before the start of a recession.
After Tuesday’s brutal sell-off, sentiment continues to remain unsettled. The index futures point to indecision and a lack of conviction among traders on Wednesday as they look ahead to more Main Street cues.
Cues From Tuesday’s Trading:
Minutes from the latest FOMC meeting will be released on Wednesday, opening a window into the conversation that led Fed officials to decide on a 0.25% hike on the federal funds rate
Morgan Stanley (NYSE: MS) analyst Michael Wilson sees the risk-reward opportunity in the markets at current levels as severely skewed to the downside, and he's telling investors to take shelter before the market gets