Why Investors Should Hold More Cash After Fed Hiked Rates (SP500)

Why Investors Should Hold More Cash After Fed Hiked Rates (SP500)

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Markets formed an unhealthy trading pattern ahead of the Federal Reserve's press conference with Fed Chair Jerome Powell. Stock indices rallied from the year-to-date low of 3,800 in mid-March. The S&P 500 (SPY) then bounced to above 4,000. Why did market selling accelerate at the end of the day?…

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