S&P 500 Outlook: FOMC Punchbowl is Here to Stay, S&P 500 Drops to Support
Equity markets under pressure post the Federal Reserve monetary policy decision, however, with Powell and Co. making it clear that the Fed's punchbowl is here to stay, this pullback in risk appetite looks to be an overdue retracement. Keep in mind that equities have seen a stellar month so far with the likes of the Dow Jones up over 6% this month, while the Nasdaq 100 broke to a fresh record high having hit the 10,000 milestone. That said, this pullback will look test the confidence of tactical dip buyers.
