The market has shifted its expectations for the FOMC meeting next week, says Tyler Ellegard. He notes that he would like to see the Fed take a pause at the next meeting. He talks about how the Fed is likely to do 25 BPS to save some credibility. He then goes over how the market remains resilient from the assumption the Fed will soon be finished with rate hikes. He also mentions his stock picks Broadcom (AVGO), Honda Motor (HMC), and Nextera Energy (NEE). Tune in to find out more about the stock market today.
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