Market Wrap for March 18: The Fed Provides the Rocket Fuel

Like Beckett’s Vladimir and Estragon, investors this week were endlessly waiting. But unlike Godot, the Fed arrives always on time. The latest Federal Reserve Open Market Committee (FOMC) meeting proved to be the week’s biggest driver of returns for the markets. Ultimately, investors and traders were listless for the first half of the week, but when the Fed delivered, it delivered, pushing stocks into positive territory for the first time in 2016.