Pre-Open Market Comments – Post-Fed

May 5, 2022
Author: Peter Stolcers, Founder of OneOption

Yesterday the market was bracing for the worst possible news from the Fed. Their intentions have been clear and they delivered. The table was set for an oversold bounce off of the lows for 2022 and buyers fueled a nice rally once the press conference started. Unfortunately, some of those gains are being given back and the S&P 500 is down 30 points before the open.

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