Navigating the Effects of Fed Rate Hikes on the Market and Investments

TL;DR Summary
CNBC's Jim Cramer said that the market's reaction to the Federal Reserve's rate hike is "almost always a head fake." The market's initial move in the first three days following a Fed decision will usually go in the opposite direction in the following month. When looking at the previous eight rate hikes this cycle, the market reversed direction over the following month seven out of eight times. The only exception was the second rate hike that occurred in early May.
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