THE GIST (“THE WHAT”) The S&P 500 index closed the session lower after the Federal Reserve raised rates by 25 basis point, its 10th consecutive rate hike in its attempt to fight inflation. Markets pulled back alongside Jerome Powell’s press conference when he did not rule out additional rate hikes if warranted. The index closed (more…)

THE GIST (“THE WHAT”) Regional banks were slammed as fears of banking crisis remained front and center in today’s risk off session. Energy stocks further fueled the losses alongside falling crude oil prices on growing recessionary fears. The S&P 500 index fell during the early part of the session to hit the day’s low at (more…)