2min chapter

The Compound and Friends cover image

No pivot!

The Compound and Friends

CHAPTER

The Market Ripped 3% From 2.30 PM to the Close

The market fell 3% from 2.30 PM to the close on Wednesday. The average move year to date for an FOMC day was plus or minus 1.9%. And then at 3.15, it just felt completely fell out of it. Why? Well, that's one of the worst responses to anFOMC. It's gone back to 94.5%.

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