S&P 500: Up 4.5% In Two Sessions, Largest Gains Since April 2020
Fed's two-day meeting met with big two-day rally. Now what?
Our View
The daily ranges never fail to amaze me. From its early high at 4337.75 to the post-Fed low at 4258.75, the ES fell 79 points. Then from the low to the late-day high at 4367.50, the ES rallied 110 points.
The ES gained 4.5% in the last two sessions, its largest two-day gain since April 2020, and rallied 5.75% from Tuesday’s low to Wednesday’s hig…