Why why why would the S&P rally after such devastating news? That CPI report will cause the Fed to hike rates even fast. I’ve heard people think the odds of a 1% rate hike is about 80%. So if people expected a .5% or .75% hike and now they expect a higher hike, why would the market rally?
There’s been way more talk of a recession too. Why would everyone buy stocks when we can expect a crash on the next Fed announcement? What’s going on? Why are markets pumping?
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