Stocks are looking wobbly as the Federal Reserve prepares to deliver what’s expected to be another jumbo rate hike.
... Stocks are looking wobbly as the Federal Reserve prepares to deliver what’s expected to be another jumbo rate hike. The S&P 500 fell 1.1% on Tuesday to finish at 3,855.93. It’s up 5.2% from the large-cap benchmark’s June 16 closing low of 3,666.77. Those mid-June lows are crucial, with analysts warning that a test could soon arrive amid worries over the economic outlook tied to the Fed’s aggressive tightening pace and hikes by other central banks.
That’s what they want.
Dow’s going to 24,000-25,000 and getting back to normal
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