Fed Watch: Will Jerome Powell Goose the Stock Market?

The Federal Reserve will conclude its most contentious FOMC meeting of the year this afternoon, and the outcome has the potential to meaningfully sway markets. There is a real possibility this turns into a “sell the news” event, but if that happens, I also see several areas where investors may want to consider rotating.Just a month ago, futures were pricing the odds of a rate cut at roughly 50/50, a shift that triggered a sharp bout of volatility. Indexes ultimately fell only about 6% from their highs, but ...