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home / news releases / FRTY - Fed Hikes Stocks Initially Slump; Powell Speaks Stocks Rally; What's Next?

FRTY - Fed Hikes Stocks Initially Slump; Powell Speaks Stocks Rally; What's Next?

Alger Mid Cap 40 ETF
  • High volatility has defined the stock market during 2022's first quarter correction.
  • Wednesday, the market dropped significantly on 'sell the news' as The Fed hiked rates for the first time in four years. Then the market reversed dramatically as Chairman Powell speaks.
  • The market rallied nearly halfway back to its early January highs this week, and long-term fundamental investors are encouraged!
  • What's next for stocks? Higher highs or lower lows?

For further details see:

Fed Hikes, Stocks Initially Slump; Powell Speaks, Stocks Rally; What's Next?
Stock Information
Company Name: Alger Mid Cap 40 ETF
Stock Symbol: FRTY
Market: NYSE
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