Market should be going sideways until the announcement of the fed next round of interest rates hike.. Many analysts projected that the fedshould be only raising interest rate by 50 basis points instead of 75 basis points due to the perceived slowing down of inflation.. so there is no need to be too aggressive anymore..
However.. inflation is still much higher than the norm and much more sticky due to supply chain issues and the amount of stimulus still sloashing around in the market..
Any increase in interest rates not only affects individuals like us.. but also institutions and even government as it makes it more expensive to borrow money and also to refinance existing loans.. so there is a limit to how much the fed can increase interest rates before everything starts to fall apart..
In such environment.. one can continue to explore options.. selling calls and puts to raise cash [Grin]
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