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Afternoon Note

Bracing for Fed Decision

By Karina Hernandez, Senior Research Analyst
6/15/2022 1:20 PM

Markets are seeing another seesaw session as investors brace for the Fed’s decision. The major average held onto gains even after a weaker-than-expected May retail sales.

For weeks, the members of the Fed have been saying they’re on board with increasing their key policy rate by 50 points at each of the next two meetings. Investors are now pricing in a 75-basis point hike when the FOMC announces its decision this afternoon.





Deutsche Bank










Bank of America


Morgan Stanley


Eight of the eleven sectors of the S&P 500 are higher, led by Consumer Discretionary, while Energy is the worst performer. All the mega caps are higher with Amazon (AMZN) leading. 

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU



The NAHB Sentiment feel in June of 67 from 69 and in-line of consensus.


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