Positive Market Reaction to the Fed
From Ticker Sense As of 2:55 PM, the 70 basis point gain in the S&P 500 ranks as the third most positive market performance on a Fed day since the tightening cycle began in June 2004. However, we also looked…
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From Ticker Sense
As of 2:55 PM, the 70 basis point gain in the S&P 500 ranks as the third most positive market performance on a Fed day since the tightening cycle began in June 2004. However, we also looked at the S&P 500 return in the one week following Fed days. 71% of the time the market’s direction in the one week period after the Fed day is the opposite of the direction it takes on the day of the announcement.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
