BloombergBloombergBloombergNeither war, disease nor inflation are proving capable of preventing American stocks from doing what they’ve almost always done for 13 years: go up. Sentiment may have been washed out with professional money managers furiously unwinding risk and retail money finally retreating. The latest hike followed a stretch of declines where the S&P 500 tumbled almost 10% over three months. Only once since 1990 did a rate hike come when stocks suffered deeper losses than now, in December 2018. Back then, the Fed reversed course seven months later.But the economic backdrop is different now, with inflation running at 7.9%.

Source: Economic Times March 26, 2022 23:21 UTC