1) Stocks rallied more than any pre-Fed week since December 2016
2) Dovish stance ‘changed the whole game,’ Front Barnett CIO says
That relief investors felt in January when the Federal Reserve took its dovish pivot is showing signs of turning into something bigger.
A feeling approaching bliss was on display this week when ahead of Wednesday’s rate decision the S&P 500 staged its biggest rally of the year and more money flowed into equity funds than any time in 12 months. Rising 2.9 percent, the S&P 500 posted its largest gain of any pre-rate decision week since December 2016.