Hawkish Market Response to FOMC, But We See Overreaction

FS Insight Team

“If everything you try works, you aren’t trying hard enough.”  ~ Gordon Moore

Good evening:

As the week opened, Head of Technical Strategy Mark Newton pointed out that in the past, this week has been one of the worst of the year in a historical/seasonal sense. This trend continued this week, with stocks sliding slightly on Monday and Tuesday, then falling sharply after the FOMC meeting and subsequent press conference. 

“We’ve seen a pretty sharp sell-off in both equ...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b

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