Wild Ride for the MARKET after FED RATE HIKE | Popular Google Search for Russians "How To Break Arm"
The Federal Reserve brought the market the 0.75% rate hike that was expected last week, but has moved away from the language of the “wait and see” approach from earlier in the year to a very hardline stance to crush inflation. Where the markets were interpreting things as more opportunistic from June to August, the tone has changed to one of negativity. But should we take the Fed at their word?
In this Random Gleanings Jesse & Chris discuss the tough talk of the Fed’s “Dot Plot” projections, but offer some context based on past precedence. Additionally, they highlight the heightened negativity of investors at present – which contrary to our own psychology may be a reason to be more positive? Finally, Chris digs deep into Google Trends and finds a crazy trending topic in Russia… and asks what to make of it.
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