Things have been very interesting lately. Last week, the FED announced that it will speed up the tapering process and anticipates 3 rate hikes in 2022.
This *technically* should be bad news for risky high-growth stocks because it means that there will be less economic stimulus and higher interest rates going forward. Risk assets are hit hard in times of fear and are bid up in easy markets (like the easy 2020-2021 market conditions for the most part).
However, many risky growth stocks rallied on this FED news. So, what gives?