Powell’s Power

Key Takeaways

• All Eyes On The Fed
• Facebook Parent, Meta, Earnings After The Close
• Alphabet, Amazon And Apple Report Tomorrow

There’s a saying, “as goes January, so goes the year.” If the saying holds true, investors should be looking at a much better 2023. Major indices closed out January on a high note and ended the month with impressive gains. The Nasdaq was up 11% in January while the S&P 500 and Dow Jones Industrial Average notched gains of over 6% and nearly 3%, respectively. We will see if today’s FOMC meeting keeps the party going or sends everyone home early.