You want to hear me go out on a limb? Get ready for a bold prediction.
The Fed will not cut interest rates this week.
And do you want to hear another bold prediction?
The markets will love it.
That's right. I know it sounds a little crazy. But stocks will go up, even though interest rates won't once again go down.
Here's why: the Fed not moving means the Fed's not worried.
Not that Alan Greenspan is Nostradamus. I have more than a few reservations with that guy. But that's not my point. The rebounding economy is. And this time, I think Wall Street will see that. Not the lower interest rates they always crave, but the economic pickup they crave even more. Because you can't get stocks moving until the economy's moving.
I think it's moving and I think the stock market knows it's moving.
And I think the stock market is going to rejoice on Wednesday when Alan Greenspan himself confirms it's moving, by not moving on interest rates.
So write it down: the Fed doesn't move on Wednesday, but stocks move higher — a lot higher.
Now, if I'm right, I'll crow even more. If I'm wrong... well, just forget you heard this.
What do you think? Send your comments to: firstname.lastname@example.org
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.