#Fed Hike — Why Didn’t Stocks Rally? 📉
The 25bp hike wasn’t the surprise. What comes next is.
The Fed delivered the expected move to 3.75%–4.00%, but stocks barely reacted — QQQ +0.03%, SPY -0.44%.
Why? The market wanted reassurance that this could be the last move.
Instead, the message was: inflation is still too sticky, and another hike remains on the table.
That creates a tough setup for equities:
📌 Higher rates → pressure on valuations
📌 Sticky inflation → fewer cuts ahead
📌 Strong earnings/growth → support for stocks
📌 AI/tech → still carrying much of the market momentum
So the real question isn’t “Did the Fed hike?”
It’s “Has the market fully priced the next hike — or is another repricing coming?”
I’m watching Treasury yields and QQQ closely from here. 👀
What do you think — already priced in, or more volatility ahead?
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- wavyloo·09-17 14:32Feels mostly priced for one more move, not a higher-for-longer path. The dot plot gap is where repricing can still bite.LikeReport