“Don’t fight the Fed” is an old adage, but it looks like one many investors still believe as the markets took a hit when the Fed came out and announced they might be tightening longer and/or harder than most were expecting. In spite of this Fed pronouncement all but our Growth ETFs are in Long Term Up trends, so it looks to us as if the markets themselves, and not just some investors, believe the majority of the Fed tightening is behind us.
As always we are letting the collective markets wisdom lead us, and its wisdom right now is telling us that the markets are predisposed to move higher.
