Beaten down stocks like Carvana and Bed Bath & Beyond are getting a huge boost as risk appetite returns amid the Fed's acknowledgement of falling inflation

• Risk-on sentiment returned to the stock market on Thursday after the Fed acknowledged inflation is falling.
• Fed Chairman Jerome Powell mentioned the word "disinflation" 13 times during Wednesday's FOMC speech.
• Beaten down stocks like Carvana and Bed Bath & Beyond soared as interest rates fell in Thursday's session.

A risk-on sentiment returned to the stock market on Thursday after Federal Reserve Chairman Jerome Powell acknowledged that inflation is falling.