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and nasdaq both ended up. this is essentially treading water, folks. markets reacting to every russian ukraine headline. the u.s. and nato said there was no sign of deescalation. stocks rallied from lows after the january meeting minutes were released. it suggests the fed may not raise rates as aggressively as some feared. on wall street there's a saying don't fight the fed. how about don't fret the fed. here's ryan dietrich from lpl financial. >> what do stocks do after the fed starts hiking, flight the last seven cycles. you know what happens? stocks are up, six of them. we found you have about 37 more months of a bull market after that first hike. >> despite rising prices, u.s. consumers are spending. u.s. retail sales really a shocker yesterday. they jumped 3.8% in january.
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