‘Sell the rally’: Wall Street’s vicious reversal could be a sign of things to come - Sydney Morning Herald

How is Fed chair Jerome Powell feeling about the wild moves in markets since the Fed raised rates this week? Only he knows, but the question goes to the heart of a puzzle that is likely to be dogging investors for some time.

Question for market experts: When US stocks staged their biggest rally in two years on Wednesday (US time) after the Federal Reserve enacted its first half-point rate hike in 22 years, was Jerome Pow… [+2715 chars]

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