Market Reacts To First Fed Day Of 2023
The fed announced a 25bps rate hike after its first FOMC meeting of 2023, bringing the new benchmark rate range to 4.50% and 4.75%, the highest level since October 2007. Peter Tuchman, aka “the Einstein of Wall Street” aka “the most photographed man on Wall Street”, shares his thoughts on how the news was received on the Floor.
S&P 500 Closes H1 2022 Down 21%, What Happens In H2?
The S&P 500 has its worst first have of the year since 1970. Peter Tuchman discusses why that is and why he's hopeful for H2.