The chickens are truly coming home to roost. After many weeks of consecutive losses, the S&P 500 has lost just over 20% off its ATH since its 4 January ATH.
Author: John Burford
On Wednesday, the Fed bowed to the inevitable by following what the market has already decided – by raising interest rates. But with the new Fed Funds rate of 0.5%, it remains at historically low levels.
