Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
U.S. stock markets experienced volatility following the Federal Reserve's recent decision to cut interest rates by 25 basis points. On Wednesday, the markets saw the largest surge in 10-year yields on a Fed Day since 2013 and the steepest drop in the S&P 500 index in over 30 years. Analysts are debating the implications of this selloff, with some suggesting it presents a near-term buying opportunity. Nicholas Colas, co-founder of DataTrek Research, noted that the spike in the VIX indicates that the selloff could be a chance for investors to buy at lower prices. Despite the tumult, some market observers, including Matt Hougan, CIO of Bitwise Invest, expressed optimism, viewing the recent pullbacks as temporary and suggesting they could be advantageous for investors. Major U.S. equity indices were reported to be lower this week, largely due to the Wednesday decline, which marked the S&P's second-weakest day of the year.
Friday from Bloomberg: “US Stocks Rise After ‘Major Overreaction” to Fed.” There was certainly more to Wednesday’s steep market selloff than a meaningfully more hawkish Fed statement and Powell press conference. Welcome to Washington dysfunction on steroids meets global market…
Major US equity indices were lower this week, weighed down by a big Wednesday slide that saw the S&P post its second-weakest day of the year. Wednesday's December FOMC meeting was the critical event of the week. Analysts had firmly expected the 25 bp rate cut it delivered and… https://t.co/LLZlbGZ7a0
FactSet's #chartoftheweek: This week we saw some drama in the markets, but nothing out of the ordinary from what has become the new normal in the last 4 years. We saw a steep market decline Wednesday afternoon after news came from the Federal Reserve that they would be cutting… https://t.co/oRMF3yl2IS