Weekly Market Outlook – The Fed Shocked The Market By Doing Exactly What Was Expected
September 25, 2022 at 14:00 PM EDT
Following through on the previous week's bearish reversal and spooked by the implications of a three-quarter point rate hike, traders bailed out in a big way last week. The S&P 500 lost 4.6% of its value over the course of the five-day stretch.