Federal Reserve Meeting!

Dear Reader,

Today begins the long awaited Federal Reserve meeting. A change in the wording of the statement could cause a fall in equity prices. Most affected will be interest sensitive high-yield sectors like Utilities and Telecommunications. Short-term short positions in these sectors seem a reasonable bet. Emerging markets could sell off temporarily as well.
US, EU bonds could sell off aswell.

I personally expect a spike in volatility also. Janet Yellen's pressconference tomorrow will be quite interesting.


Disclaimer: This article is provided solely for informational purposes, and does not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost are the author's and they in no way express the opinion or official position of Bulgarian National Bank!

Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost!