Stocks remain elevated with every dip being shallow and short lived. Investors just don’t want their money on the sidelines if and when the Fed flashes the green light that rates are about to be cut. This keeps stocks pinned just under 5,200 for the S&P 500 (SPY).
This has all eyes focused on the Wednesday 3/20 Fed announcement. Not so much the press release that comes out at 2pm ET as we all know there is no rate hike forthcoming this time around. The real keys lie in the 2:30pm press conference by Powell as well as the release of their Summary of Economic projections.
