🟢 IVV is trading 1% up today as Fed hike uncertainty eases and oil prices retreat

IVV is trading 1% higher as investors digest the Federal Reserve’s 25-basis-point rate hike, which has effectively removed immediate policy uncertainty.

• Falling crude prices and Treasury yields dropping below 5% are easing inflation and valuation concerns, particularly for technology-heavy indexes.
• The rally is broad-based with the Nasdaq outperforming and cyclical sectors participating, despite modest headwinds from softer housing data.
• Global macro sentiment remains the primary driver as markets rebound from the prior session’s decline following the Fed decision.