The Federal Open Market Committee (FOMC) followed through with plans to raise federal funds interest rates by 75 basis points, and the market didn’t like it.
After a few wild moves in both directions on Wednesday after the announcement, the downside was chosen and the market ended on the lows. I think it is clear that we should expect lower prices. The question is what path will it take?
Let’s take a look at the potential aftermath:
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Your Profit Pilot, TG