Performance 6/15/22

Up +3.21% for the day.

I was expecting my stocks to fall hard today after the fed meeting.

Rate hikes are bad for growth stocks, but they are also not high enough to combat inflation.

So is the market just going up now that the uncertainty has been cleared up, and/or that the fed is signaling (not actually doing) they are going combat inflation? Or is this a dead cat bounce?

Yegor's avatar
Honestly I don’t even know (about rates) I thought I also will finish in red and yet here we are up about 3%
Joshua Simka's avatar
We knew to expect the rate hike though—isn't that why stocks were falling on Monday?