In case you miss the event today, Fed Chair Jerome Powell announced the quarter point increase rate hike. What he didn't say is the word "ongoing". Instead, he settled with the dovish message of they "may" address inflation based on the data later on. Uncertainty.
As expected, this event put traders on edge as reflected by the high volatility in the market at the second half of trading day.
Tesla is down -3.25% amid Consumer Discretionary sector at -2.2% territory.
Banks such as First Republic Bank and Credit Suisse continued to reel in today's session.
Dow Jones Industrial down over 500 points.
Bitcoin is at 27,446 compared to yesterday's 28,359.
You only lose if you don't have a stop loss. Cheers Traders.
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