So, the road is open for the markets to rise, but the question is, What is the limit?
Well, the next big news is coming Oct 2nd, when the unemployment rate will be announced, it gives a hint on the inflation, if the numbers are higher than expected then inflation is increasing.
The reason why we didn't see a drop, when we usually see a drop when FEDS raise Interest rates are because the markets had already priced in the 0.25% bps that the FEDS announced today, meaning tha investors made their precautions and were almost 90% sure the FEDS going to raise it, so it was no surprise to anyone.
To me, i could see the road is open for the market to bounce from here, as i previously said in the post i had pinned on my page couple weeks ago, the market will start bullish up till the first week of OCT, after that we will see how the market is doing, what the economic data is saying.
#N4G
Well, the next big news is coming Oct 2nd, when the unemployment rate will be announced, it gives a hint on the inflation, if the numbers are higher than expected then inflation is increasing.
The reason why we didn't see a drop, when we usually see a drop when FEDS raise Interest rates are because the markets had already priced in the 0.25% bps that the FEDS announced today, meaning tha investors made their precautions and were almost 90% sure the FEDS going to raise it, so it was no surprise to anyone.
To me, i could see the road is open for the market to bounce from here, as i previously said in the post i had pinned on my page couple weeks ago, the market will start bullish up till the first week of OCT, after that we will see how the market is doing, what the economic data is saying.
#N4G