It appears the Federal Reserve just did one of the best things it could for stocks: doing nothing.
Hickey wrote in a recent research note that "the market loves a Fed on hold," and he uses this chart to illustrate the pattern: In situations when the Fed shifts rates in either direction, the S&P 500 typically falls in the four weeks after a decision. Even a rate cut is little guarantee it will set the stage for market gains, according to Hickey.
TradingNation A NON EXISTENT fed is even better...
TradingNation The Fed has been buying $60 billion of T-bills every month. Reserve levels have risen by more than $270B to $1.67 trillion. Taper to $30B per month?
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Source: CNBC - 🏆 12. / 72 Read more »