The Fed hiked rates - here's what to do

Plus: Apple earnings will be huge [Image]( [What to Do Now That the Fed's Hiked Rates]( by Shah Gilani Bottom line: I think the market is headed for a lot of pain. We got the 25 basis point hike I was expecting. But we also got something along with it that has given markets pause, which is a direct statement from Jerome Powell that the Federal Reserve is not considering a pause or any cuts at this time. The door is open for even more hikes, which is pretty much exactly the opposite of what institutional investors wanted to hear. Well, naturally, markets fell yesterday on that news. Today, major indices are struggling and continuing to lag intraday. If we're going to see a big move in either direction, it'll come on the heels of Apple Inc (AAPL) reporting earnings this afternoon. If the numbers and forward guidance look bad and the stock takes a hit going into tomorrow morning's trading, we're in for a real rough ride. [Here's what to do about it...](   [What to Do About Apple Earnings Now]( Garrett {NAME} Bank failures... Debt ceiling standoffs... Valuations on a cliff edge... A Federal Reserve asleep at the wheel. This market has it all. But Thursday's trading session largely comes down to one name: Apple Inc. (AAPL). Wall Street expects Apple's fiscal second-quarter earnings will come in at $1.43 per share on top of $92.1 billion in revenue. [Myself, I'm not sure what could happen, but I'm planning on getting out of the way](...   You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning Investing Alerts. To remove your email from this list: [unsubscribe](. Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](