Stocks fell hard Thursday, May 5, 2022 following the FOMC meeting announcement in which the Federal Reserve raised rates by 50 basis points as the market expected. Additionally, the Fed said it would begin reducing its balance sheet in June and made it clear it is not considering a 75 basis point hike at the June meeting. Andrew Brenner delivers his takeaways from the meeting and discusses how investors can better position their portfolio amid market turmoil.