Fast Money Blog- 3/18/22

This week the U.S. stock market remained range bound, in light of the geo-political strife caused by Russia’s invasion of Ukraine.

In other news, on Wednesday, March 16th, the Federal Reserve approved its first key interest rate hike in more than three years. The Federal Open Market Committee responsible for policymaking, said it will raise rates by .25%. This move will immediately send financing costs higher for many kinds of consumer borrowing and credit, including credit cards, adjustable mortgages and auto loans. The committee also noted that it expects to raise rates six more times in 2022.

The Fed is attempting to slow the economy enough to tame high inflation but not so much as to trigger a recession.

In this market 4-week covered calls will be your best bet for income generation in both your cash and retirement accounts.

The next six weeks will require you to be patience as both a trader and investor.

Tyrone Jackson

The Wealthy Investor