Fed's Message Unclear Despite Aggressive Tightening as Stocks Sell Off, Though Some Fund Managers Remain Bullish on Beaten-Down Names

Fed Chair Powell's message was unclear on future outlook, though aggressive tightening has left rates high historically.

Fund manager Jeffrey Bronchick remains bullish on "stupid cheap" stocks like ViaSat and IAC despite recent setbacks.

Broader view is small caps not rewarded currently, but good for opportunities in real businesses.

S&P 500 has dropped over 2% last 3 sessions, with more potentially ahead as 10-year yield backs off 5%.

Israel carrying out airstrikes on Gaza, potentially ahead of ground invasion as defense minister said troops will soon see the region "from the inside".