What will it be? Unexpected turn-over in the West Wing? A surprise trade or foreign policy announcement?
Hard to tell what the next big, market moving announcement will be, what the next “shoe to drop” is.
It probably won’t be an announcement from the Fed. Expectations are for Jerome Powell to be a “steady hand” and to not surprise the market. He will chair his first FOMC meeting this week, with the announcement coming out Wednesday, 3/21/18 at 2:00 PM EST. If there is a surprise announcement, watch out! The response will be dramatic.
Meanwhile, the expectation of breaking news will dominate the market. Stay tuned and be careful!