Fast Money Blog- 6/17/22

On Wednesday, June 15th, the Federal Reserve decided to raise the Fed funds rate by 75 basis points. This is due exclusively to last week’s Consumer Price Index report that indicated that inflation is not yet under control. As a result I think the stock market will remain neutral over the next 8 weeks.

Your best trade in this environment will be 30 day out-of-the-money covered calls combined with 3 week bear call spreads.

Just a reminder: Google shares are scheduled to split 20 for 1 on Friday, July 15th. Once again, please do not run out and buy Google shares post-split as I expect them to trade in-line with the overall market.

In market conditions like this it is important to stay patient and to stay disciplined.

Tyrone Jackson

The Wealthy Investor