Loading ...Many things were already trending down the prior week of two. So anticipation of what the Fed would say, was already “baked in”. So, when the Fed chief Powell comes out and using only words, nothing else, about raising the rates, he gave the prior down trends a final push. So many things are in reverse.
So this was just one more new different thing. “Sell The Rumor, Buy The News”. But lets not forget the summer doldrums, or the sell in May and go away thing. Will that revers also? To Buy in May and go away? and lead to the Summer Booms Cycle?