scorecardresearchWatch the Data Before Falling Too Hard for This Stock Market Rally

Watch the Data Before Falling Too Hard for This Stock Market Rally

Updated: 01 Aug 2022, 11:34 AM IST
TL;DR.
The Fed thinks forward guidance is too risky and is vowing to be led by information as it develops. Investors should treat this bear-market surge the same way.
A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 27, 2022. Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. (AP Photo/Lee Jin-man)

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 27, 2022. Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. (AP Photo/Lee Jin-man)