It is that time (or almost) we have waited for this week–time for a Fed Funds rate hike of some magnitude–how much we don’t know. Seems that either 50 or 75 basis points would be somewhat neutral. A rate hike of either 25 or 100 basis points would be a total surprise and would create plenty of turmoil in the markets.
The big question is if both stocks and bonds will rally to the increase? I have no idea nor does anyone else–and in the end it doesn’t matter for today since I wouldn’t react to 1 piece of information on 1 day.
Today I observe and shepherd what I already own and let the markets play out.
Tomorrow maybe I nibble something–we’ll see. No rush to act as there is lots of time for buying.