Rate Decision Ripple Effects, Equities' Resiliency, and the Trading Day Ahead 6/15/2023

Wall Street is digesting the Fed's decision to pause its interest rate hiking campaign after 10 straight increases. Piper Sandler's Stephen Scouten discusses the impact on financials, Neuberger Berman's Daniel Flax weighs in on tech stocks, and Mizuho's Anthony Crowdell talks utilities. Plus, CNBC's Jim Cramer says that, despite the resiliency shown by equities so far this year, there could be more selling ahead. RBC Brewin Dolphin's Janet Mui explains her view. And, how should investors position for the trading day ahead? Hightower's Stephanie Link breaks down her strategy.

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