I lay out my thesis on the major Fed meeting in March. For months I've been vocal that the Fed will raise, but not the 9 hikes some on Wall Street believe. The situation in Ukraine just brings that point home.
The bottom line: the Fed Chairman said we should expect 25 bps. Stop trying to second guess their action, and think about the different ways the market and frazzled so-called investors may react.
My last point from this interview is that many traders see this as a trading year. That is a red flag for me. While I've been busy in portfolios moving small bits around - the broad strokes of continued inflation, continued supply constraints, and continued demand for everything on top of a Fed that will raise - I'm working on a portfolio that should be pretty similar to what I see holding at the end of the year. Everything else is just managing volatility.
In other words - just walk things forward and tell yourself what you see.