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Don’t Chase the Gap Up Today - Be Patient!

Posted 10:15 AM ET – Market volatility will subside towards the end of the month. The war in Ukraine and the upcoming FOMC meeting will keep uncertainty elevated. Jerome Powell will testify before the House again today. I am not expecting anything new today. He favors a quarter point interest rate hike in two weeks and that is better than feared. That was welcome news for the market yesterday. He also sees the possibility of raising rates .25% at each subsequent meeting. Russia continues to advance in the Ukraine and the economic sanctions will spark civil unrest in Russia. The ruble …



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Don’t Chase the Gap Up Today - Be Patient!

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