The Fed Wimps Out

Yes, we get it. Yesterday’s insensible 2.2% rise in the S&P 500 and 3.8% increase in the NASDAQ Composite was just the chart-monkeys having their fun. But, still, if there is even a semblance of rationality left on Wall Street, it must be asked, “what were they thinking”? After all, in its post-meeting statement the […]
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