Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
48,603.0%
User | Time | Action Performed |
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Back in May 2017, when moments after the Fed's latest rate hike stocks soared to new all time highs, Goldman economists found something strange: "surprisingly, financial markets took the meeting as a large dovish surprise—the third-largest at an FOMC meeting since 2000 outside the financial crisis, based on the co-movement of different asset prices." Even more surprising is that according to Goldman, its financial conditions index, "eased sharply, by the equivalent of almost one full cut in the federal funds rate." In other words, as we noted at the time, the Fed's 0.25% rate hike had the same effect as a 0.25% ... (full story)