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After the Fed Announcement and Fed Funds Rate .50 Hike as expected, we saw a rapid surge of buying pressure into the market to end Wednesday and then on Thursday’s session, all that buying activity gave way to large liquidation event centered on technology shares while bonds continued lower (and rates higher). Despite all this, the SPX returned to “unchanged” on the week as we prepare for the pre-market Jobs Report Friday morning and the additional volatility it could bring with markets hanging on the edge of a cliff…
