Indexes had their best rally in just over a year as the rubber band had been pulled back enough and we got the major oversold bounce that looked like it was happening yesterday morning. The S&P 500 gained 2.04% and NASDAQ 2.12%. Markets were up through mid day and then after the Federal Reserve announcement logged in another strong leg upward. The Fed’s statement was less hawkish than many expected and the Fed being extremely accommodative has been the drug the market has lusted for since 2008.Continue reading
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