Dovish Fed Sends S&P Up 100 Points | Now What?
It would be helpful if growth stocks -- aka ARKK -- could put in a low.
Our View
The S&P never does what you want it to do when you want it to, and yesterday's rally was a perfect example. Traders were preparing for the worst — and didn’t get it. That may be the best explanation for how a seemingly hard turn by Fed Chair Jerome Powell translated into the biggest rally since 2020.
This week the sellers piled in on the short si…