We Got the Rate-Hike Rally. Now What?
Markets continue to rally on "bad news."
Our View
This has been a head-banger of a week and there’s still two sessions left. Just think, it took 3 days for the ES to sell off from the 4017.75 high last Friday and in 2 hours yesterday the ES rallied 75 points. I guess that answered our question from yesterday: “Is There a Rate-Hike Rally In Store?”
The market rallied into and through the event on…