What statistics say about the possibility of a post-Fed bounce
According to sentiment guru Jason Goepferd at sentimentrader.com, "there has
been a strong tendency for the S&P 500’s performance on a day the Fed announces
a rate decision to be reversed (at least partially) over the next few days.
Since 1996, there have been 23 instances of the S&P closing in negative
territory on one of those days, as it did Tuesday. The next day, the S&P changed
course and closed in positive territory 18 of those times (78%) by an average of
0.7%. (more)