Stocks tumble again after the Fed's latest rate hike

[Yo_Mama_Been_Loggin]

Stocks sank for a second day Thursday after the Federal Reserve raised benchmark interest rates and said that it would continue to let its massive balance sheet shrink at the current pace. Fears of a government shutdown also weighed on stocks.

The Dow was down more than 400 points after sinking more than 650 points earlier, briefly bringing its two-day declines to more than 900 points and its 5-day losses to more than 1,800 points. The S&P 500 fell 1.4 percent as consumer staples and discretionary stocks underperformed. The Nasdaq fell 1.5 percent and dipped into into bear market territory as Facebook, Apple, Amazon, Netflix and Alphabet all declined.

Until now, December has never been the S&P 500's worst month of the year. Companies in the S&P 500 have lost a total of $2.39 trillion in market cap this month.

Stocks fell to the low for the day after U.S. House of Representatives Speaker Paul Ryan announced that President Donald Trump would not sign a temporary government funding resolution.

https://www.msn.com/en-us/money/markets/stocks-tumble-again-after-the-feds-latest-rate-hike/ar-BBRcHp2?li=BBnbfcN

Everything Trump touches dies.

[Squinch]

1. Was it the rate hike or Individual 1's reversal on shutting the government?

My thought is that the rate hike was expected, so it was already built in.

It's trump, kids, just trump.