why the bloody Thursday {5 May 2022)
"Thursday's stock selloff suggests that Wednesday's post-FOMC market action was a relief rally. We are still not out of the woods yet, as there is still too much uncertainty over how the Federal Reserve's actions will tame inflation without causing a recession," Zach Stein, chief investment officer of Carbon Collective, wrote in an email Thursday. "The concerns that triggered the stock market correction over the past few months, such as inflation, the Russia and Ukraine war and surging oil prices, are still with us and haven't been resolved yet."
$S&P 500(.SPX)$$NASDAQ(.IXIC)$$DJIA(.DJI)$
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Comments
1. While fed rate hike is priced in, economic impact of rate hike is NOT priced in.
2. Fed has NOT completely thrown .75 bps hike for Jun.Now market is concerned of Jun