While Lil Wayne was speaking to a completely different government branch in his song, I’m On One, he’s partially right; the feds are listening.
And on Wednesday, December 16, 2015, market participants will get to hear what they think about a rate hike.
Like everything on Wall Street, experts dominate both sides of the fence. On one hand, some say an increase at this juncture is just too risky as the US economy remains in recovery mode. Conversely, others think a hike is imminent.
If the recent market slump is any indicator; one may come to the conclusion that the feds will raise rates for the first time in almost a decade. Yes, a decade!
How will ShortMeTina play the Market?
Before I answer that question, let me do a short (pun intended) recap. We are coming off of a very volatile market week. More stocks are hitting 52-week lows compared to their high counterparts and oil prices remain extremely depressed.
With that said; to quote my Shark Tank venture capitalists, “for those reasons, I’m out”. When binary events such as this occur; I like to sit on cash. I have zero interest, pun intended again, on calling a prediction.
I anticipate a volatile market in the near future and for the most part, will sit on the sidelines doing what I do best. Speculating!