I'm no stock market or finance expert, but this seems a bit simplistic. CNBC just subtracted any stock price index gain from 24 hours before a Fed announcement. I don't think they added back in any price index loss from 24 hours after. Which seems to me to make the "price indexes lower" conclusion sort of a necessity of the arithmetic.
Comments
I'm no stock market or finance expert, but this seems a bit simplistic. CNBC just subtracted any stock price index gain from 24 hours before a Fed announcement. I don't think they added back in any price index loss from 24 hours after. Which seems to me to make the "price indexes lower" conclusion sort of a necessity of the arithmetic.