Fed Is Ready And Willing To Raise Rates Faster
This past week marks 2 years since the S&P 500 dropped some 35% to reach its lows of 2,237 on March 23rd, 2020. Since then, the S&P 500 Index has risen 106%, closing at 4,602 on Wednesday.
The US market has climbed 7.3% in the last 7 days, with every sector up and the Consumer Discretionary sector leading the way with a gain of 14.8%.
Over the last week, the US market is up 1.2%, with the Federal Reserve raising rates by 0.25% which seemed to be less than what investors were expecting.
Russian stocks have plummeted both on the Moscow exchange and other exchanges they’re listed on.
The US market ended up closing flat last week, with a bounce towards the end of the week after sanctions on Russian companies were less harsh than expected.
