If the Fed doesn't raise today, we can expect volatility to be elevated as we head into early October. Philip Blancato More Quotes by Philip Blancato More Quotes From Philip Blancato 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 company-news 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
