A female GPS-tracked falcon flew from South Africa to Finland. In 42 days she flew over 10,000 km. That's 230 km per day. What have you achieved in the last 42 days? Source: buff.ly/3ArE2eq
Even though it was expected this 4th 75bp rate hike will do further damage to the economy into next year and it will take months to filter through. So don't kid yourself this is a hard hit, but the Fed seems to recognize this hence they are getting more cautious. As they should.
'October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.' ~Mark Twain