EDITOR'S NOTE
Stocks come off their best week of the year with a tailwind, and some market pros expect the bounce may be the start of a spring rally. The market took the Federal Reserve's first rate hike in stride, as well as its forecast for six more this year.
"The anticipation of the first rate hike did more damage than the rate hike itself," said one strategist. Fed speakers are on the calendar in the coming week, starting with Fed Chairman Jerome Powell Monday morning. There are also a few economic reports, including durable goods and PMI reports Thursday.
Tech and growth stocks helped supercharge the rally in the past week, and strategists who follow charts are watching to see if these stocks can continue to break downtrends. The market was able to shake off its fears about the Ukraine crisis in the past week, but the situation there could continue to be a source of volatility in the week ahead.
THE WEEK AHEAD
MICHAEL SANTOLI'S MARKET COLUMN
ACTIVIST SPOTLIGHT
YOUR WEEKEND BRIEFING
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Sabtu, 19 Maret 2022
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