Timing the Post-Fed Rally: Insights from 68 Years of Monetary Policy Changes.

Trader Kevin Muir of the Macro Tourist blog analyzed the market's behavior after the last Fed interest rate hike and found that on average, stocks decline for the first three days but start to recover on the fourth day, with financials and real estate emerging as the top sectors after 90 days. Muir advises investors to hold off on buying for a couple of weeks after the last hike. Meanwhile, stocks are lower after the Fed's decision, and bank stress heats up, with Treasury yields continuing to tumble. The European Central Bank has hiked its key rate by 25 basis points as expected.