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« Goldman Upgrades OMX, Downgrades LLTC | Main | S&P 500 Performance Leading Up to the Start of Bear Markets »
With the Fed rate decision coming today at 2:15 PM ET, we updated our table of how the S&P 500 has performed on the day of rate decisions as well as the week following. On the day of the last meeting (1/31), the S&P was up 70 bps on the day and up 82 bps over the next 5 trading days. The performance following the last decision was unusual, however, as the Index move over the next week has been in the opposite direction of its move on the day of the decision 68% of the time (since 6/04).
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