Stocks rallying is just an indication that the Fed under-raised compared to market expectations.
No, today it's probably an indication to traders that the Fed is taking inflation seriously, since all the risky stocks are sensitive to inflation. A lower raise may have cause a further sell off.
Traders' minds can be tricky. They're also reading the news!
Nah. This is always what happens. It's the inverse the old saw "buy on rumor sell on news".
You must be a billionaire then.
The strong rally after the last meeting didn't even last one day...
It seems as though the dip buying will continue but perhaps the fed wants a smoother road back to reality.
will continue? it's been strait down all year
i would like to see it recover
I wouldn’t think this will happen until inflation chills out and the interest rates stop rising ?
Just a guess though
Overall it’s gone down but seems as though a lot of the big drops are followed by smaller surges of buying.
Yeah, that's what they call the "Dead Cat Bounce" that I referred to.