2pm update - it remains volatile

US equities have seen a significant pull back from the earlier high of sp'2016.. to 1987. Renewed strength into the close still seems viable. Metals are increasingly struggling, Gold +$4 (earlier +25). Oil has lost almost all of the gains, +0.6%


sp'15min

GLD, daily

Summary

Well.. no one can call this market boring!

We've seen a stronger than expected down wave of around -1.2%.. even briefly under 1990.

--
Regardless of the close... the Yellen is on her way.

Notable weakness: airlines.. DAL -3.5%... UAL -2.0%... no doubt due to oil gains.