And apparently the markets loved what he said. NASDAQ is up 2.4% this afternoon.
“And apparently the markets loved what he said. NASDAQ is up 2.4% this afternoon”
Nasdaq tech stocks are the stocks most dependent on interest rates. 2.8% (now) is a mild reaction so far. Nasdaq is usually the most volatile exchange.
Thanks for reminding me to watch the Bond Market reaction, which is the important one.