MoneyWeek/John Stepek/5-9-2022
“The Federal Reserve came out on Wednesday and said that it would raise interest rates as expected. But it didn’t raise them by as much as some had feared. So markets finished the day higher – quite a bit higher in fact. But the next day, markets seemed to have a rethink. They plunged again. What’s going on? I suspect it’s nothing more complicated than indigestion.”
USAGOLD note: That indigestion might have to do with facing the prospect of a major attitude adjustment – going “short daydreams, long reality,” as Stepek puts it.
