A predictable no surprise market
Rob Hanna at Quantifiable Edges documented how stock prices have been during FOMC days when the SPX closed at a 20-day high the day before. That’s because the market had risen in anticipation of a positive announcement from the Fed, and the reaction is at best a coin toss.
Today’s roller coaster market action was no surprise.
The full post can be found here.
Source: http://humblestudentofthemarkets.blogspot.com/2019/09/a-predictable-no-surprise-market.html
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