Sell Stocks Now – There's Trouble Ahead on this Fed Path

That market rally I was enthused about last month was short-lived. I would take long bets off the SPDR S&P 500 (NYSE: SPY) now, as volatility is back and a market correction is possible. Investors are now troubled about a rougher road ahead being laid by Fed steps toward tighter monetary policy. The adjusting market perspective is due to the shocking monthly jobs report just released last Friday. It surprised economists with frosty memories of winters past and expectations for slower economic activity. The all too good news has investors today focused on a perceived higher likelihood of Fed rate hikes sooner rather than later. This is a concern that makes for a rocky road ahead. Stocks should be volatile through the rest of the year and should experience a correction or two. The likelihood of a clear trend-line higher this year is limited by the Fed’s plans. See the full report on the SPY market ETF here. This article will also interest SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), Vanguard Total Market (NYSE: VTI) and SPDR S&P 500 VIX (NYSE: VXX) investors.

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