multiple choice test:
After the Fed meeting, the market will:
A) go up, because the Fed only raised by 1/4%, which was less than expected, and rising interest rates are always bad for stocks.
B) go down, because the Fed only raised by 1/4%, and they are behind the inflation curve, and this leaves unfinished business (more raises) for the uncertain future.
C) go up, because the Fed raised by 1/2%, and the pain is now (almost all) behind us.
D) go down, because the Fed raised by 1/2%, and this means they are really scared about inflation, so we probably still have another 1/2% raise in June, and more beyond.
E) go wildly up and down, as the above choices dominate market sentiment in succession, in rotating 30-minute time periods. |
