1.28 FOMC passed, stock market fell sharply
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The initially sluggish stock market accelerated in profits taking after the FOMC.
Because it had already priced in the content and because of a cautious stance, it can be said that the sentiment in the stock market, which had been supported by optimism, has retreated, though not to the point of pessimism.
We have watched the price movements, and as noted in the previous article, only tech stocks were supporting the market; if the Nasdaq were to crumble, a total collapse was understandable.
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