Joshua Hayes Big Wave Trading

 

The Fed Spoils Price Advance by Raising the Discount Rate

February 19, 2010

The biggest story of the day was not the market action but the action by the Federal Reserve by raising the discount rate.  Stocks advanced once again as volume declined in size on the NYSE while the NASDAQ finished just under yesterday’s level.  However, the focus is now on what the Fed’s move in the [...]

The Fed Spoils Price Advance by Raising the Discount Rate

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