A Fed Meeting With a Silver Lining

This year kicks off with a constructive backdrop for stocks, led by continued domestic macro indicators, cash-rich corporate balance sheets and, let's not forget, encouraging China data. And a lingering feeling of joy from the holidays always seems to back into equities. Heck, we are even able to get a sense of continuity from the drab European news. All great stuff, really. There is only so much negativity a stock picker is able to wax poetic about without being coined a Nouriel Roubini clone.

But it's the first Federal Reserve meeting of the year that holds the most allure. As we approach Wednesday's meeting, I am reading that whatever the Fed does is already priced into the market. Hearing it once, I would have viewed this statement as an outlier. Hearing it twice, I write it down on a sheet of paper. A third time and I am in hot pursuit of an explanation to determine whether it's a valid argument and unearth a strategy to ring the register....411 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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