Initial reaction from FED raising rates
Everything crushed...
The FED raised rates by 75 basis points and everything tanked.
Check it:
(Source: https://twitter.com/tradingview/status/1572648438474616833/photo/1)
They recovered after the drop but have since turned lower again...
Upvoted! Thank you for supporting witness @jswit.
Very suspect. Not like everyone didn't know it was going to happen. Should have been priced in.
Yea, it wasn't so much the rate hike it was the fact that Powell continued to talk tough going forward. I think markets, myself included, keep thinking he's going to blink at some point here and stop hiking so aggressively. Not yet though.