Pennsylvania Trust

Stocks Trading In A Range As The Fed Meeting Looms

Stocks Trading In A Range As The Fed Meeting Looms

Deal or no deal?

Cut or no cut?

Stocks appear stuck in the middle of the U.S.-China trade spat and the Federal Reserve put, waiting for policy to direct their next move.

Recently, the S&P 500 Index has been trading in a relatively tight range ahead of Wednesday’s Fed decision, with resistance in the near-term at 2,900 and at former peaks in the longer-term.

Disclosure: This Commentary represents a review of topics of possible interest to Pennsylvania Trust’s clients and is not personalized investment advice. It contains Pennsylvania Trust’s opinions, which may change following the date of publication. Information obtained from third-party sources is assumed to be reliable but is not guaranteed. No outcome – including performance – is guaranteed, due to various uncertainties and risks. This document is not a recommendation of any particular investment. Investment decisions for clients are made on an individualized basis and may be different from what is expressed here. Past performance is no guarantee of future results.