(Bloomberg) — On an unpredictable day for US monetary policy, stock traders are concerned about one thing: missing out on the next leg of a potential rally.
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US inflation data lands just hours ahead of the Federal Reserve’s interest rate decision on Wednesday, creating an unusually high chance of potential market disruption. But on JPMorgan Chase & Co’s trading desk, there’s “no panic” and very little risk being applied, according to a note circulated on Tuesday.
“Clients are worried about missing upside, not downside,” Matt Reiner, an equity sales trader at the bank said in the note. “My clients are trimming safety and adding to momentum longs.”
Investors are wary of being left behind in a market that keeps pushing US stocks to new record highs. A scenario of an in-line or slightly higher inflation print combined with a neutral or dovish press conference from Federal Reserve Chair Jerome…
