Hello everybody, I want to start some discussion regarding the best action plan to tomorrows FOMC meeting. While there is nothing we can do to predict what the actual result might be (hike / no hike) I think we should have some cash available for either scenario. If against the odds (20%) Yellen decided to go ahead and increase rates I would personally turn to Financial ETFs such as XLF, KBE, VFH and banks BAC, WFC, C... On the other hand if the hike were to be postponed I would expect GDX, AGQ and any precious metal ETF to bump up 5-10%. What do you guys think about this approach?
Submitted September 20, 2016 at 12:21PM by stockbull http://ift.tt/2d8wngo
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