Rates are Rising and the Sky is Falling


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Rates are Rising and the Sky is Falling


If you have been watching markets closely this week, your blood pressure may be a bit higher than normal. Upon the release of the Wednesday’s much-anticipated Federal Reserve policy decision – which played out pretty much exactly as expected with a half-point rate hike, bringing fed funds target to 0.75% to 1.00% – markets rallied into the close. On Thursday, however, the rug was pulled out from under the bulls and stocks endured their steepest sell-off since the Covid-19 plunge in 2020. The S&P 500 has put in a fresh low for the year and is down roughly 14% from its January 3rd peak. Read more…