The next Federal Open Market Committee (FOMC) meeting is in 16 days.
Traders give Team Yellen a 98.5% probability that the Federal Reserve is going to raise rates in November and an 86.7% probability that they’ll raise rates in December.
Are you and your money ready?
I hope so.
There are huge profits at stake and now’s a perfect time to “trade the Fed” using a play that’s worked 100% of the time ahead of interest rates since 1990.
It all comes down to financials, and specifically, buying banks.
According to Kensho, a 3.5-year-old start-up that uses artificial intelligence to parse big data related to real-world events, buying financials two months before a rate hike has generated an average return of 10.74% every single time since 1990.
Granted, there have been only four December rate hikes over that time frame so you need to take their research with a grain of salt.
President Trump signed an executive order aiming to make it easier for Americans to buy health insurance plans and to circumvent rules put in place under Obamacare. Politics aside, here’s Keith with what every investor needs to know moving forward. Click to watch…