I think this is a classic wait-and-see the data kind of week, so if the data comes in as strong as I think, then you could be seeing a pretty significant pump to the expectations for The Fed to be able raise rates in June. Philip Blancato More Quotes by Philip Blancato More Quotes From Philip Blancato Obviously, this continues to be a reaction to the Fed. Philip Blancato company-news ( We've got an) accommodative Fed, slightly better earnings cycle, slightly better first-quarter economy to bounce off what was this simple correction, so it's no big deal. Philip Blancato company-news This is a normal garden variety correction, with levels that set the playing field a little bit, the reality is that the energy sector continues to be a catalyst for concern. So for today's market, if oil gives us any modicum of stabilization, I think the overall market could be relatively flat to up today. Philip Blancato company-news Far and away, the most important takeaway from the The Fed meeting is their expectations of the velocity of the rate rise, i know that they don't have a crystal ball, but I want to get a better expectation for how quickly they expect to raise rates. Philip Blancato company-news If the Fed does raise today, the market will sell off but that is not going to last because the U.S. consumer is very strong. Philip Blancato company-news If the Fed doesn't raise today, we can expect volatility to be elevated as we head into early October. Philip Blancato company-news
