Let's mix in a little "bull".

Yesterday, the Federal Open Market Committee raised interest rates a quarter of a point to 5.25%. Many were worried that the release of its statement might contain verbiage that several more rate hikes were to come. That didn't happen and the markets celebrated. Great!

After the 2:15 EST announcement, the Dow added an additional +133 points to its midday gains of +83, to close up 217 points on the day. The S&P closed up 26.87 to 1272.87, and the NASDAQ jumped 62 points to 2174.40.

The market is following the scenario that we laid out for you a few days ago. We are happy that the market is cooperating with our projections.

So, what do we think is going to happen next?