NewsWare’s Trade Talk: Thursday, March 23

S&P Futures are displaying solid gains this morning. While the Fed raised rates by 25 basis points, the key is in the forecast. While markets sold off during Fed Chairman Jerome Powell's press conference, traders are reassessing their positions as the Fed clearly signaled just one more hike this year. Tech stocks are moving higher this morning and are benefitting from the notion that the Fed will cease rate hikes. European markets are lower and oil is giving back some of yesterday's gains.