The Federal Reserve ended a two-day monetary policy meeting on the 221st and announced the hike of the federal funds rate target range between 75 basis points and between 3% and 3.25%. This is the third consecutive rate hike of 75 basis points this year. As soon as the news came out, US stock fell, Dow Jones Index fell 522.45, a drop of -1.70%, Nasdaq fell 204.86, a drop of -1.79%, and the market experienced a deep decline.
Some people say that a stock will not look at the face of the US stock market. On the contrary, is certain that the market opened sharply lower today. It is still the same sentence that there is a complete egg under the collapse of the nest. Don’t underestimate the heavy damage and linkage brought by the global economic downturn. Today, the market panic occurred in the market. After fell , there will be a V-shaped reversal . That is just a weak rebound after oversold . Remember that it is just a weak rebound after oversold . There will be no significant increase before the holiday. The green mountains left are not afraid of no firewood. Don’t oppose the trend, get the bottom before the festival, and have a big show after the festival.
Personal opinion, please do not criticize if you don’t like it.
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