S&P Snaps 5-Day Losing Streak -- Now What?
The Fed raised rates by 75 bps, the most in several decades.
Our View
The markets have completely unraveled on Globex around 2:00 to 4:00 a.m. The Bank of England raised interest rates by 0.25% for the 5th consecutive time and said larger moves might be needed to tame inflation. Natural gas prices in Europe jumped as Russia cut supply again.
Those that have read the Opening Print know that I rarely change the 'Lea…