It was a tale of two StockBots today. The BuyBots ruled the morning, sending stocks sharply higher, until…
… Fed Head Jerome “shocked” the world by announcing the 25 basis point rate hike that everyone on the planet already knew was coming.
The SellBots immediately took over and it was straight downhill from there. The DJIA, up over 400 points early, closed down 351 points (1.5%) and the NASDAQ plunged 147 points (2.7%).
Stay tuned as the battle of the SkyNet StockBots continues!