So…What to Do in This Market?
Since last November when the Federal Reserve said they would raise rates, the markets began to price in those expected higher interest rates, and companies likewise priced in on balance sheets and forward guidance, as is standard. The markets initially gyrated down with the expectation that rates would rise and money supply would be reduced, ending the equity party that’s been going on for years. That said, after a few weeks of adjustment, the markets popped back up to near all-time highs and at end of the year.
