From MarketWatch's "U.S. stock futures pause at record highs as Fed decision looms" posted early Tuesday:
The Fed is due to start its two-day meeting on Tuesday, with expectations that it will announce on Wednesday it is going to reduce the rate of bond purchases.
“The key question going into this meeting will be to what extent the Fed pushes back against market pricing, which now suggests the Fed will begin raising rates by the middle of 2022,” said Bill Diviney, senior economist at ABN Amro.
“While worsening supply-chain bottlenecks and stubbornly strong goods consumption in the U.S. have raised the risk of more persistent elevated inflation, and uncertainty is high, we continue to think there is a high bar for the Fed to row back on its signalling that the end of asset purchases would not be immediately followed by rate hikes.”
Patterns: Yahoo!Finance sees Bullish momentum for Apple. Max pain has slipped to $147 from Monday's $148. The $150 call wall is back.