Wednesday, June 15, 2022

How the FOMC meeting script played out

Mid-week market update: Can the stock market follow the script for past FOMC meetings in 2022? In each of the cases this year, the market weakened ahead of the meeting and rallied afterwards. The only deviation from the script occurred at the May FOMC meeting, when stock prices fell to new lows after a post-meeting reflex rally. 

Fast forward to the June meeting. The S&P 500 skidded in accordance to the script and stocks rallied today, though there are two unfilled gaps above.

The full post can be found here.

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