FYI: The action is certainly much more volatile than it has been for a long time. While indexes booked a mild gain for the week it wasn’t on the back of 0.1% to 0.3% moves up four of five days a week like we’ve seen in the very unusual period we just came out of. The Federal Reserve minutes usually don’t provide much in the way of fireworks but Wednesday when the quote of an “increased likelihood” of more rate hikes ahead hit the tape, markets didn’t enjoy it. This was read by the market as 4 rate hikes in 2018 rather than the expected 3. However Fed speakers rushed out in speeches to assure markets the punch bowl won’t be taken away so quickly.
Regards,
Ted
https://www.stocktrader.com/2018/02/25/weekly-market-recap-feb-25-2017/
