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How the Fed’s Latest Moves Will Impact the Stock Market By StockNews

by Mike Robinson

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© Reuters. How the Fed’s Latest Moves Will Impact the Stock Market

Since last week’s commentary, the market has encountered significant volatility as the S&P 500 (SPY) dropped nearly 4% between Thursday’s close and Monday’s low. Since then, the S&P 500 has recovered most of these losses. There are signs that the market is at a permanent low. Other factors include a improving virus situation and positive seasonality as well as a favorable macro background. This week, we will discuss these subjects in our commentary. Read on below to find out more….Enjoy this latest version of my weekly comments published September 23, 2020 from the POWR stocks under $10 newsletter.

Markets tend to surprise us with unexpected results. The Fed’s latest meeting was not an exception.

Market rallied from an oversold position despite Fed’s more cautious stance. There were two ways this hawkishness was manifested. They are planning to cut back on asset purchases in spite of the rise in Chinese financial stress and cases.

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