The market took a hit today, but I didn't get shaken. $SPDR S&P 500 ETF Trust(SPY)$ When there's a test, you just ride it out.
SPX down about 1.5% after the Fed held rates steady but hinted a hike could be coming. The 2-year yield jumped 16bps to 4.21% and money markets are now fully pricing in a hike by October. The dollar strengthened too. The 'higher for longer' narrative is back on the table, or at least that's what they're saying.
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