A market that can rally despite a Fed hike will continue to rally
Fed liftoff is one of the most over-hyped events in Wall Street history. it's so bad that the Fed has virtually promised to only hike two or three more times in the following year and only if everything is going swimmingly.
The party isn't going to stop because the cut the alcohol content of the vodka to 39.75% from 40.00%.
The stock market is screaming that loud and clear. Support came in right around the 38.2% retracement and it was followed by a bullish reversal candle that's been validated by the monster rally today.
There's no fear of the Fed in the stock market, the Santa Claus rally is already underway.
