Friends,We’re on standby until 2PM today. That’s when the FOMC meeting adjourns, and Chairman Powell hits the podium to update us on the FOMC’s progress in their War on Inflation. It’s not the expected 50 basis point increase (1/2 %) that we care about, it will be the committee’s plan for future interest rate increases.If we hear combinations like: “wait & watch”, “ pause & observe”, “we’re near neutral” or even “we're now at parity” then buckle up because these will trigger a buying frenzy and a Market rally!If a rally occurs and lifts our position in the S&P 500 over 4100 and/or our holdings in Regions Bank to our purchase price (only a couple of dollars away), then I’m hitting the “SELL” button and stashing the Cash under the mattress for the rainy days we see on the horizon.I’ll send an update after the Market closes (4PM).Enjoy your day,Robert

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