In One Chart: Fed Hikes Rates, Market Hits New Lows

As the market expected, the Federal Open Market Committee (FOMC) raised the target range for the Fed Funds Rate from 2.0–2.25% to 2.25–2.5%. Fed Chair Jerome Powell, who since taking the helm has been considered neutral, shared both hawkish and dovish comments in his address following the announcement. Powell’s and the FOMC’s decision to raise target rates … Continued

In One Chart: Major Indices 8-12% Off 2018 High

With only 11.5 trading days remaining in 2018, the major indices are about 8% to 12% down from their year-to-date highs. As a whole, this year has been quite the ride for investors. If 2017 was a lazy river, 2018 was a log ride with some out-of-date safety features. The chart below shows the percent … Continued