Take a look at the chart below which shows the intraday movements in the FTSE 350 from 1 February to 2 February 2023. Overnight, the Federal Reserve decided to hike interest rates, but the communication was deemed so half-hearted that investors considered it a positive macro event and priced in less aggressive rate hikes and more rate cuts later in 2023.
News vs. sentiment
News vs. sentiment
News vs. sentiment
Take a look at the chart below which shows the intraday movements in the FTSE 350 from 1 February to 2 February 2023. Overnight, the Federal Reserve decided to hike interest rates, but the communication was deemed so half-hearted that investors considered it a positive macro event and priced in less aggressive rate hikes and more rate cuts later in 2023.