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The era of ‘bad news is good news’ may finally be over for markets
August is typically a volatile month for stocks, and this one certainly fits the bill. After another rocky session, U.S. stocks on Wednesday finished pretty much where they started. DataTrek Research pointed to a New York Fed research finding that basically all the moves in the S&P 500 going back two decades is tied to the three days around Federal Open Market Committee meetings, and more recently, the Fed’s press conferences and dot plots.
https://finance.yahoo.com/m/3706a8f...2/the-era-of-‘bad-news-is-good.html?.tsrc=rss
August is typically a volatile month for stocks, and this one certainly fits the bill. After another rocky session, U.S. stocks on Wednesday finished pretty much where they started. DataTrek Research pointed to a New York Fed research finding that basically all the moves in the S&P 500 going back two decades is tied to the three days around Federal Open Market Committee meetings, and more recently, the Fed’s press conferences and dot plots.
https://finance.yahoo.com/m/3706a8f...2/the-era-of-‘bad-news-is-good.html?.tsrc=rss
