Some commentary from one of our favorite market thinkers @wesbury:
by Brian S. Wesbury – First Trust Chief Economist
Get on with it already! Don’t get us wrong, we know this is the “Super Bowl” for business journalism (anyone have tix to the ESPN party?), but raising rates from 1/8th to 3/8ths of 1%, after six years of economic recovery should be a no-brainer.
Our suggestion: spend the week analyzing companies and investment products. Don’t get sucked into the idea that there is some genius trading strategy for how to deal with this.
That’s right; ignore it. Don’t read the statement and don’t watch the press conference.