You would think because today the Fed decided not to raise interest rates that the markets would rally, but they actually went down except for the NASDAQ. All these past months the market seemed to be waiting to take a downward spiral when the Feds raises rate, but they didn’t. This market is just so hard to understand these days.
It is always hard to predict what the market is going to do day-to-day and in the short term, but lately it has been especially confounding. I agree – I assumed that when the Fed decided not to raise the rate we would see a market rally. Lots of volatility, but it is really just trading sideways when you look at a weekly chart.