FOMC rate increase effect
$SPDR S&P 500 ETF (SPY.US)$ I would say in the rate increase for this go around would have a positive impact to the stock market. This increase has already been baked in and investors have been expecting for over a year (sleep joe). in addition, the market has retreated over 10% already but many stocks had over 60% corrects (etc cathie wood stocks). so I would say the market will be a postive feedback with the rate increase.
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Violets : it's up because of the spending bill
SpyderCall Violets : its hard for me to think that we can go below the previous lows around 410 on $SPDR S&P 500 ETF (SPY.US)$. Although we are in a strong downtrend the big time money managers can only sell so much before they start buying the hell out of everything