These days in a nutshell:
Bad news are bad news,
No news are bad news,
Good news are bad news.
The overreaction to every piece of information continues, as we "learned" yesterday that fed is planning rate hikes.
Subsequently Mr Powell said:
'I would say the comittee is of a mind to raise the federal funds rate at the March meeting assuming that conditions are appropriate for doing so'
And the rest is history... We saw what happened to the main indexes after that.
However, if there is one lesson that has been proven true time and time again is that patience pays.
Stay safe and take care
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