The Fed has increased the rates as promised and the market rallied today even though high interest rates means higher yields on bonds and investors should start buying bonds and equities prices should decline but that premise did not hold true today. As the Fed chairman said the rate increase is a testament that the economy is healthy and can sustain the rate hike now. This is the most bullish time of the year for the market any ways so the rate increase may have nothing to do with the rallying market as we can see the SPY has bounced at two other occasions from the same levels before so here we go 210 and may be beyond.
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