🌟🌟🌟It is a strange paradox that even though the Fed lifted interest rate this week, the US stock market staged a massive cheering rally. When rates go up, asset prices are supposed to go down. Yet time and time again, the Fed drops a heavy rate hike on the table and Wall Street throws a party instead.
The reality is Wall Street breathes a sigh of relief because the cloud of uncertainty has cleared. The market goes up because a confident Fed signals a strong world.
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