Stock Market Today: More Spaces for Rates Hike

January 26, 2022, 3:10 pm EST

More Spaces for Rates Hike

Federal Reserve chairman Jerome Powell made the statement clean: ‘More spaces for rates hike” as the conclusion of the FOMC meeting today. Dow Jones turned the intraday gains of a few hundred points into the loss of -200 points as of now. 

Indeed, Fed does not have other choices when dealing with the out-of-control inflation and the record high of valuation that pumped into inflation pressure. 

We indicated that this is the turning point of bulls to bears. 

Technically, 200 day-moving-average keeps pressing down S&P 500 and Dow Jones. Nasdaq already gave up the fight much earlier. Thus, the bears just got started. 

The next pillars to fall would be housing markets with the rising rates. 

Cash is king for the bear market so please arrange the portfolio properly.

Share This Post
Have your say!

Leave a Reply