The turmoil in the banking industry will likely lead the Fed to soften its monetary policy stance with small or no interest rate hikes at the monetary policy meeting scheduled this week. The Fed, however, is determined to fight inflation through interest rate increases, meaning that higher interest rates could return as soon as the banking crisis eases.
Amid this uncertainty, I think it could be wise for investors not to include fundamentally weak stocks Plug Power Inc. (PLUG), Virgin Galactic Holdings, Inc. (SPCE), and SNDL Inc. (SNDL) to their watchlists.
