S&P 500 Forecast: Rare Reversal Price Action in US Markets, Traders Switch to Sell the Rip

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A rarity in yesterday’s price action with the S&P 500 recovering from an intraday loss of more than 3.98% for only the third time. Get your market update from JMcQueenFX here:

Has the Powell Put Been Reached?A rarity in yesterday’s price action with the. Now while a recovery in the index from such a sizeable drop may look encouraging, giving a sense that “buy the dippers” are back, the. As such, in light of the aggressive bid into yesterday’s close, market participants have used this to sell the rip.

. At the start of the year, the forecast for the Fed was 3 rate hikes in 2022 and the possibility of quantitative tightening at the end of the year. Fast forward two weeks and now the consensus is for 4 rate hikes with liftoff in March and quantitative tightening as soon as Q3.

Source: Financial Digest (financialdigest.net)

 

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