Today's Post-Fed Rate Rally Means Market Likely To Decline Over Next Week

| About: SPDR S&P (SPY)

As of 2:55 PM, the 70 basis point gain in the S&P 500 ranks as the third most positive market performance on a Fed day since the tightening cycle began in June 2004. However, we also looked at the S&P 500 return in the one week following Fed days. 71% of the time the market's direction in the one week period after the Fed day is the opposite of the direction it takes on the day of the announcement.

click to enlarge
GDP chart