US equities are moderately choppy, as the FOMC are set to issue their latest policy statement. No doubt, the Fed will want to placate the market at least a little, after the recent equity rout. Oil is battling to hold significant gains, currently +2.6%.. around the $32 threshold.
... lets see what the algo-bots make of the press release...
My guess remains we'll see a net daily gain in equities.
The next real problem for the market is the reminder that growth is failing... we'll get Q4 GDP on Friday.
2.01pm.. rates (not surprisingly) left unchanged.
With the FOMC out of the way.. VIX is imploding... -7%.. in the 20s.
...only to see some CRAZY ASS hyper-spikes .. 'rogue prints' in both directions.
2.06pm.. VIX -9% @ 20.42... . it remains VERY unstable
2.11pm.. Ohh the humanity, sp -6pts.. clearly we have a top, right?
Daily/weekly cycles remain leaning bullish into mid February. I see nothing that should entice the bears
2.21pm.. chop chop... indexes always trying to turn positive again..
VIX -1% in the 22s.... 21s look due again
2.24pm... Clown finance TV is getting even too annoying for me...
Style mutes Gross.
(how could you not like Ms. Swift?)
sp -3pts @ 1899.... eyes to the VIX