Fed just raised rates 25bps — first hike since July 2023.
That's the longest pause we've seen since 2008. Market had been pricing in cuts, not hikes.
This changes the game for equities, especially growth stocks that were banking on easier money. Bond yields spiking. Dollar strengthening.
If you're long high-multiple tech or unprofitable names, today just got a lot more expensive.
That's the longest pause we've seen since 2008. Market had been pricing in cuts, not hikes.
This changes the game for equities, especially growth stocks that were banking on easier money. Bond yields spiking. Dollar strengthening.
If you're long high-multiple tech or unprofitable names, today just got a lot more expensive.