Review:
The index was able to recover from the previous day’s losses yesterday in the run-up to the interest rate decision of the U.S. Federal Reserve. In after-hours trading, the index even rose above the 13,600-point mark at times. This morning then follows the reality check: The index again comes under significant selling pressure:
Outlook:
As expected in advance, the U.S. Federal Reserve yesterday raised the key interest rate by 75 basis points since the start of the week. At the press conference afterwards, Powell did not have any major surprises in store either. The significant weakness this morning therefore comes as a bit of a surprise to me, but well – the market is always right. The index slid to its lowest level since March. If a quick rebound back above 13,500 points does not succeed today, further declines towards the 13,000 mark would have to be planned.
