Last month I wrote an article to talk about "Why did stocks rally after the Fed's decision?" In that article, I said: The biggest risk in the stock market is always uncertainty.
What happened last month?
In December, the uncertainties were:
1. Taper will speed up
2. Interest rates rise during taper
After the market slump, these uncertainties were price in.
And on Dec.15, Fed Chair Jerome Powell answered:
1. Taper will speed up → YES (meet market expecta...