Thanks hetty. I think the meeting is end of June. Have to check. If they raise .50% higher, oh boy, run for the hills, this market will be sadly depressing. (unless you short) If they raise .25%, it will consolidate and maybe trade in a trading range.
The key thing for this market to go back up is to know when they will pause or end the rate hike. If they can somehow say that in their next meeting about stopping the rate increase or pausing, you'll see a surge in the market and an uptrend established.
Think about it, the more the rates go up, the worse companies do and the lower their earnings are so nobody want's to invest in a bad company. Stocks will get cheaper. THEY NEED TO STOP RAISING THE RATES!
