BIGGEST FED RATE HIKE SINCE 1994.
BUT ARE THEY MAKING A MISTAKE?
We discuss the market fallout in the aftermath of this Fed announcement as Stock markets initially bounced as Powell said he did not expect adjustments of 0.75% to become common.
However, this morning the risk-off continues:
The S&P hits bear market territory down 23% from its November 2021 high. The Nasdaq is now down 33%. The US Dollar continues to rally testing the 1.04 handle vs the Euro, GBPUSD hits a 20 month low and USDJPY is trading at a 20 year high.
We finish with a discussion about the recent cryptocurrency capitulation and discuss the best mindsets around how to deal with trades that are losing you money.
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