IVR Chart, page-543

All good for the Stockmarket acco. Cnbc
Now I have seen how high rates are going and how fast it’s going to happen. The uncertainty is removed from the market. From an equity perspective, now they just have to focus on earnings, margins and growth,” said Jim Caron, a chief strategist on the global fixed income team at Morgan Stanley Investment Management.

It’s kind of a sigh of relief to the equities market who thought it might be much more aggressive. It’s kind of what we were thinking anyway,” he added.

Shares of Apple rose nearly 3%, lifting the market averages and continuing the stock’s recent momentum. Other Big Tech stocks like Microsoft and Netflix also moved higher. Wednesday’s moves marked a reversal from earlier this week, when the Nasdaq underperformed on Monday and Tuesday.

Defensive plays also performed well, with health-care stocks such as UnitedHealth and Amgen rising 3.1% and 2.6%, respectively.

“While the three rate hikes for ’22 projected by the dot plot likely raised more than a few eyebrows, keep in mind that would still keep us within the realm of historically low rates, and further the market often moves positively when it has a clearer picture of the future, which the Fed no doubt provided,” Mike Loewengart, investment strategist at E-Trade Financial, said in a note.