With the Russian invasion of Ukraine adding more uncertainty to markets, the Federal Reserve will now likely only raise interest rates by 25 basis points (not 50 basis points) at its March meeting, according to Jamie Cox, managing partner for Harris Financial Group. “Investors with energy and commodity exposure should consider using this spike in prices to rebalance into heavily beaten down software names, particularly in the area of cybersecurity.
The tide may be turning soon. I hope.
TNT Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held