Coincidence?
Did anyone notice that every time Fed announced a rate increase, the $S&P 500 Index(.SPX.US$ went up?
March 16: up 2.2% on the first rate hike of 25 basis points
May 4: up 3% on the second rate hike of 50 basis points
June 15: up 1.4% on a rate hike of 75 basis points
July 27: up 2.62% on another rate hike of 75 basis points
May 4: up 3% on the second rate hike of 50 basis points
June 15: up 1.4% on a rate hike of 75 basis points
July 27: up 2.62% on another rate hike of 75 basis points
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Elneto : Yes all increase interest that’s why
whqqq : Such a coincidence! Why is this?