MICHAEL JAMES, MANAGING DIRECTOR OF EQUITY TRADING AT WEDBUSH SECURITIES, LOS ANGELES
“A number of Fed governors indicated a slowing within the tempo of price hikes, which is just about precisely what fairness markets wanted to listen to. They did not say they’ll be pausing. Merely the truth that they’ll be slowing the tempo confirms what the vast majority of individuals have been hoping to see. That is why you are seeing an fairness spike initially. Clearly, we’ll see the place issues go within the subsequent two hours.”
“What fairness markets wanted to see for the current energy to proceed was what we bought from the minutes.”
Sounds good to me!