It will cause a bloodbath especially by looking at tech indices such as $Invesco QQQ Trust(QQQ)$And $Technology SPDR(XLK)$. Personally, this is more due to sentiment rather than fundamentals. Most of the firms fundamentals are rather solid. I will be entering the market while it is down and hold the stocks for sometime till they ride out this storm. DYODD.
The interest rate hikes may even benefit firms such as Visa as the payments volume will be higher.
How will the market perform before & after FOMC Meeting?
The Fed is expected to raise interest rates by 50 base points on the FOMC meeting on May 3 & 4... So how will the market perform before & after that? Make a prediction & leave your analysis to win coins!
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